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This excerpt taken from the S 10-K filed Feb 26, 2010. Commercial Paper In 2008, we repaid in full our commercial paper outstanding under our commercial paper program which commenced in 2006. The $2.0 billion program was backed by our revolving credit facility and reduced the amount we could borrow under the facility to the extent of the commercial paper outstanding. These excerpts taken from the S 10-K filed Feb 27, 2009. Commercial Paper In April 2008, we repaid in full our commercial paper outstanding under our commercial paper program which commenced in 2006. The $2.0 billion program was backed by our revolving credit facility and reduced the amount we could borrow under the facility to the extent of the commercial paper outstanding. Commercial Paper program was backed by our revolving credit facility and reduced the amount we could borrow under the facility to the extent of the commercial paper outstanding. SIZE="2">Financing Obligation On September 23, 2008, we closed a transaction with TowerCo Acquisition LLC under which we sold As of December 31, 2008, we had $87 million in capital These excerpts taken from the S 10-K filed Feb 29, 2008. Commercial Paper In April 2006, we commenced a commercial paper program, which has reduced our borrowing costs by allowing us to issue short-term debt at lower rates than those available under our $6.0 billion revolving credit facility. The $2.0 billion program is backed by our revolving credit facility and reduces the amount we can borrow under the facility to the extent of the commercial paper outstanding. As of December 31, 2007, we had $379 million of commercial paper outstanding, included in the current maturities of long-term debt, with a weighted average interest rate of 5.765% and a remaining weighted average maturity of 15 days. Commercial Paper those available under our $6.0 billion revolving credit facility. The $2.0 billion program is backed by our revolving credit facility and reduces the amount we can borrow under the facility to the extent of the commercial paper outstanding. As of December 31, 2007, we had $379 million of commercial paper outstanding, included in the current maturities of long-term debt, with a weighted average interest rate of 5.765% and a remaining weighted average maturity of 15 days. This excerpt taken from the S 10-Q filed Nov 9, 2007. Commercial
Paper
In April 2006, we commenced a commercial paper program, which
has reduced our borrowing costs by allowing us to issue
short-term debt at lower rates than those available under our
$6.0 billion revolving credit facility. The
$2.0 billion program is backed by our revolving credit
facility and reduces the amount we can borrow under the facility
to the extent of the commercial paper outstanding. As of
September 30, 2007, we had $400 million of commercial
paper outstanding, included in the current maturities of
long-term debt with a weighted average interest rate of 6.299%
and a remaining weighted average maturity of 15 days.
We have a non-contributory defined benefit pension plan and a
postretirement benefit plan, which provide benefits to certain
employees. We also provide postretirement life insurance to
employees who retired before certain dates. Most of our
employees who were employed by us prior to the Sprint-Nextel
merger are participants in the pension plan. At the time of the
Sprint-Nextel merger, we did not extend plan participation to
Nextel employees for either the pension plan or retiree medical
plan. As of December 31, 2005, the pension plan was amended
to freeze benefit accruals for pension plan participants not
designated to work for Embarq following the spin-off. The
postretirement benefit plan was amended to include only
employees designated to work for Embarq following the spin-off
and pre-merger Sprint employees born prior to 1956.
As of May 17, 2006, in connection with the spin-off of
Embarq, accrued pension benefit obligations for participants
designated to work for Embarq and related plan assets were
transferred to Embarq. Additionally, the accrued postretirement
benefit obligation for participants designated to work for
Embarq was transferred to Embarq. As a result of these above
actions, the pension and postretirement benefit plan activity
for the third quarter 2007 and the year-to-date period 2007 did
not have a significant impact on our results of operations.
This excerpt taken from the S 10-Q filed Aug 9, 2007. Commercial
Paper
In April 2006, we commenced a commercial paper program, which
has reduced our borrowing costs by allowing us to issue
short-term debt at lower rates than those available under our
$6.0 billion revolving credit facility. The
$2.0 billion program is backed by our revolving credit
facility and reduces the amount we can borrow under the facility
to the extent of the commercial paper outstanding. As of
June 30, 2007, we had $400 million of commercial paper
outstanding, included in the current maturities of long-term
debt with a weighted average interest rate of 5.61% and a
weighted average maturity of 72 days.
We have a non-contributory defined benefit pension plan and a
postretirement benefit plan, which provide benefits to certain
employees. We also provide postretirement life insurance to
employees who retired before certain dates. Most of our
employees who were employed by us prior to the Sprint-Nextel
merger are participants in the pension plan. At the time of the
Sprint-Nextel merger, we did not extend plan participation to
Nextel employees for either the pension plan or retiree medical
plan. As of December 31, 2005, the pension plan was amended
to freeze benefit accruals for pension plan participants not
designated to work for Embarq following the spin-off. The
postretirement benefit plan was amended to include only
employees designated to work for Embarq following the spin-off
and pre-merger Sprint employees born prior to 1956.
As of May 17, 2006, in connection with the spin-off of
Embarq, accrued pension benefit obligations for participants
designated to work for Embarq and related plan assets were
transferred to Embarq. Additionally, the accrued postretirement
benefit obligation for participants designated to work for
Embarq was transferred to Embarq. This event required a
remeasurement of benefit obligations associated with both the
pension and postretirement benefit plans for the remaining
Sprint Nextel employees. As a result of these above actions, the
pension and postretirement benefit plan activity for the second
quarter 2007 and the year-to-date period 2007 did not have a
significant impact on our results of operations.
This excerpt taken from the S 10-Q filed May 9, 2007. Commercial
Paper
In April 2006, we commenced a commercial paper program, which
has reduced our borrowing costs by allowing us to issue
short-term debt at lower rates than those available under our
$6.0 billion revolving credit facility. The
$2.0 billion program is backed by our revolving credit
facility and reduces the amount we can borrow under the facility
to the extent of the commercial paper outstanding. As of
March 31, 2007, we had $399 million of commercial
paper outstanding net of discounts, included in the current
maturities of long-term debt with a weighted average interest
rate of 5.6% and a weighted average maturity of 72 days.
We have a non-contributory defined benefit pension plan and a
postretirement benefit plan which provide benefits to certain
employees. We also provide postretirement life insurance to
employees who retired before certain dates. Most of our
employees who were employed by us prior to the Sprint-Nextel
merger are participants in the pension plan. At the time of the
Sprint-Nextel merger, we did not extend plan participation to
Nextel employees for either the pension plan or retiree medical
plan.
The pension and postretirement benefit plan activity for the
quarter ended March 31, 2007 did not have a significant
impact on our results of operations. As of December 31,
2005, the pension plan was amended to freeze benefit accruals
for pension plan participants not designated to work for Embarq
following the spin-off. The postretirement benefit plan was
amended to include only employees designated to work for Embarq
following the spin-off and pre-merger Sprint employees born
prior to 1956.
SPRINT
NEXTEL CORPORATION
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
As of May 17, 2006, in connection with the spin-off of
Embarq, accrued pension benefit obligations for participants
designated to work for Embarq and related plan assets were
transferred to Embarq. Additionally, the accrued postretirement
benefit obligation for participants designated to work for
Embarq was transferred to Embarq. This event required a
remeasurement of benefit obligations associated with both the
pension and postretirement benefit plans for the remaining
Sprint Nextel employees.
This excerpt taken from the S 10-K filed Mar 1, 2007. Commercial
Paper
In April 2006, we commenced a commercial paper program, which
has reduced our borrowing costs by allowing us to issue
short-term debt at lower rates than those available under our
$6.0 billion revolving credit facility. The
$2.0 billion program is backed by our revolving credit
facility and reduces the amount we can borrow under the facility
to the extent of the commercial paper outstanding. As of
December 31, 2006, we had $514 million of commercial
paper outstanding, net of discounts, included in the current
maturities of long-term debt with a weighted average interest
rate of 5.515% and a weighted average maturity of about
47 days.
SPRINT
NEXTEL CORPORATION
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
This excerpt taken from the S 10-Q filed Nov 9, 2006. Commercial Paper In April 2006, we commenced a commercial paper program, which is expected to reduce our borrowing costs by allowing us to issue short-term debt at lower rates than those available under our $6.0 billion revolving credit facility. The $2.0 billion program is backed by our revolving credit facility and reduces the amount we can borrow under the facility to the extent of the commercial paper outstanding. As of September 30, 2006, we had $514 million of commercial paper outstanding with a weighted average maturity within 30 days. This excerpt taken from the S 10-Q filed Aug 9, 2006. Commercial Paper In April 2006, we commenced a commercial paper program, which is expected to reduce our borrowing costs by allowing us to issue short-term debt at lower rates than those available under our $6.0 billion revolving credit facility. The $2.0 billion program is backed by our revolving credit facility and reduces the amount we can borrow under the facility to the extent of the commercial paper outstanding. As of June 30, 2006, we had $514 million of commercial paper outstanding. | EXCERPTS ON THIS PAGE:
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