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United States Cellular Corp., 7.25% Senior Notes due 12/1/2064
Ticker Symbol: UZC* CUSIP: 911684603 Exchange: NYSE
* NOTE: This security is no longer trading as of 6/16/2021
Security has been Called for: Wednesday, June 16, 2021
May 18, 2021 -- United States Cellular Corporation (NYSE: USM) today announced that it will redeem all of its outstanding 7.25 percent Senior Notes due 2064 (NYSE: UZC). The $300 million aggregate principal amount of outstanding notes will be redeemed June 16, 2021, at a redemption price of 100 percent of the principal amount ($25 face value per unit), together with accrued and unpaid interest to the redemption date. The paying agent is The Bank of New York Mellon Trust Company, N.A., c/o The Bank of New York Mellon, 111 Sanders Creek Parkway, East Syracuse, New York 13057, Attn: Bond Redemption Unit.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: United States Cellular Corp., 7.25% Senior Notes due 2064, issued in $25 denominations, redeemable at the issuer's option on or after 12/1/2020 at $25 per note plus accrued and unpaid interest, and maturing 12/1/2064. Interest distributions of 7.25% per annum ($1.8125 per annum or $0.453125 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date that will be one business day prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was rated as Ba1 by Moody’s and BB by S&P at the date of its IPO. The Notes are senior unsecured and unsubordinated obligations of the company and will rank equally with all existing and future senior unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (USM)
IPO - 11/16/2015 - 12.00 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Market Value $300.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 8410 West Bryn Mawr Avenue, Suite 700, Chicago, IL 60631 |
| Main Phone Number |
773-399-8900 |
| Fax Number |
773-399-8936 |
| Investor Relations
Jane McCahon, TDS, Inc.
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312-592-5379
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| Toll Free Phone Number |
888-944-9400 |
| CEO - Laurent Therivel |
CFO - Douglas W. Chambers |
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