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MetroPCS Communications, Inc. and Subsidiaries
Notes to Consolidated Financial Statements
December 31, 2010, 2009 and 2008
F-17
Maturities of the principal amount of long-term debt, excluding capital lease obligations, at face value are as
follows (in thousands):
For the Year Endin
g
December 31,
2011 .................................................................................................................................................................. $ 16,000
2012 .................................................................................................................................................................. 16,000
2013 .................................................................................................................................................................. 536,363
2014 .................................................................................................................................................................. 10,390
2015 .................................................................................................................................................................. 10,390
Thereafte
r
......................................................................................................................................................... 2,942,857
Total ................................................................................................................................................................. $ 3,532,000
9¼% Senior Notes due 2014
On November 3, 2006, Wireless completed the sale of $1.0 billion of principal amount of 9¼% Senior Notes due
2014, (the “Initial Notes”). On June 6, 2007, Wireless completed the sale of an additional $400.0 million of 91/4%
Senior Notes due 2014 (the “Additional Notes”) under the existing indenture governing the Initial Notes at a price
equal to 105.875% of the principal amount of such Additional Notes. On January 20, 2009, Wireless completed the
sale of an additional $550.0 million of 9¼% Senior Notes due 2014 (the “New 9¼% Senior Notes” and, together
with the Initial Notes and Additional Notes, the “9¼% Senior Notes”) under a new indenture substantially similar to
the indenture governing the Initial Notes at a price equal to 89.50% of the principal amount of such New 9¼%
Senior Notes.
On September 21, 2010, Wireless completed a cash tender offer to purchase $313.1 million of outstanding
aggregate principal amount of the Initial Notes and Additional Notes at a price equal to 104.625% for total cash
consideration of $327.5 million, which resulted in a loss on extinguishment of debt in the amount of $15.6 million.
In November 2010, Wireless completed the redemption of the remaining $1.6 billion in outstanding 9¼% Senior
Notes at a price equal to 104.625% for total cash consideration of $1.7 billion. The redemption resulted in a loss on
extinguishment of debt in the amount of $128.0 million.
7Ǭ% Senior Notes due 2018
On September 21, 2010, Wireless completed the sale of $1.0 billion of principal amount of 7Ǭ% Senior Notes
due 2018 (“7Ǭ% Senior Notes”). The terms of the 7Ǭ% Senior Notes are governed by the indenture and the first
supplemental indenture, dated September 21, 2010, among Wireless, the guarantors party thereto and the trustee.
The net proceeds of the sale of the 7Ǭ% Senior Notes were $973.9 million after underwriter fees, discounts and
other debt issuance costs of $26.1 million.
6з% Senior Notes due 2020
On November 17, 2010, Wireless completed the sale of $1.0 billion of principal amount of 6з% Senior Notes
due 2020 (“6з% Senior Notes”). The terms of the 6з% Senior Notes are governed by the indenture and the second
supplemental indenture, dated November 17, 2010, among Wireless, the guarantors party thereto and the trustee.
The net proceeds of the sale of the 6з% Senior Notes were $987.9 million after underwriter fees, discounts and
other debt issuance costs of approximately $12.1 million.
Senior Secured Credit Facility
Wireless entered into the Senior Secured Credit Facility, as amended, which consists of a $1.6 billion term loan
facility and a $100.0 million revolving credit facility. On November 3, 2006, Wireless borrowed $1.6 billion under
the Senior Secured Credit Facility. The term loan facility is repayable in quarterly installments in annual aggregate
amounts equal to 1% of the initial aggregate principal amount of $1.6 billion. The term loan facility will mature in
November 2013 and the revolving credit facility will mature in November 2011.