Sprint to get $1.1B in cash with sell-and-lease deal

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Sprint to get $1.1B in cash with sell-and-lease deal
November 21, 2015 NEW YORK— Sprint is raising $1.1 billion through a sale-and-lease arrangement that would be cheaper than getting capital through the debt markets. The company was formed by a group of investors that Japan's SoftBank, which holds an 83 percent stake in Sprint Corp.. The company said it now expects adjusted EBITDA between $6.8 billion and $7.1 billion for the... Source: http://www.cnbc.com/2015/11/20/the-associated-press-sprint-to-get-11b-in-cash-with-sell-and-lease-deal.html