S&P 500 price closed the week nearly 1.5% lower to record the biggest weekly pullback since October. On the other hand, Goldman Sachs warns that stocks and bond markets could see a short-term pullback, after hitting record highs a week earlier. Fundamental analysis: Extreme valuation The stock market in the United States had a bullish start at the start of the year amid the ongoing second wave of the coronavirus pandemic. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. U.S. equities hit new peaks, with the S&P 500 and Dow Jones Industrial Average surging almost 70% and the Nasdaq climbing over 80% since the coronavirus outbreak in March last year. Jan Hatzius, head economist at Goldman Sachs, said the U.S. stocks might lose their momentum in the near term. The pullback might prove to be a product of a reiterated focus on the Federal Reserve which may diminish its stimulus program, as well as the expected back-up in long-term interest rates. The 10-year U.S. Treasury yield burst through the 1% mark last week after Democrats triumphed in the runoff elections and after Biden’s victory in the presidential election has been confirmed by the Congress. The yield climbed 1.18% on Tuesday. Treasury yields serve as a benchmark that tracks global bonds, which means that businesses will see the interest rate upon a surge in debt. In other words, companies might have to pay more for the debt, weighing
T-Mobile US, Inc. (NASDAQ: TMUS) ("T-Mobile”) announced today that T-Mobile USA, Inc., its direct wholly-owned subsidiary ("T-Mobile USA” or the "Issuer”), has agreed to sell $1,000,000,000 aggregate principal amount of 2.250% Senior Notes due 2026 (the "2026 notes”), $1,000,000,000 aggregate principal amount of 2.625% Senior Notes due 2029 (the "2029 notes”) and $1,000,000,000 aggregate principal amount of 2.875% Senior Notes due 2031 (the "2031 notes” and together with the 2026 notes and the 2029 notes, the "notes”) in a registered public offering. The offering of the notes is scheduled to close on January 14, 2021, subject to satisfaction of customary closing conditions.
T-Mobile USA intends to use the net proceeds from the offering of the notes for general corporate purposes, which may include among other things, financing acquisitions of additional spectrum and refinancing existing indebtedness on an ongoing basis.
Deutsche Bank Securities Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, Barclays Capital Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC are the joint book-running managers for the offering of the notes. Academy Securities, Inc., C.L. King & Associates, Inc., Great Pacific Securities and Mischler Financial Group, Inc. are acting as co-managers.
The Issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC”) for the offering of notes to which this communication relates. Before you invest, you should read the prospectus in that registration statement and the related prospectus supplement and other documents the Issuer will file with the SEC for more complete information about the Issuer and the offering of the notes. You may get these documents for free by visiting EDGAR on the SEC Web site at https://www.sec.gov. Alternatively, the Issuer, any underwriter or any dealer participating in the offering of the notes will arrange to send you the prospectus and related prospectus supplement if you request it by contacting Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, New York 10005-2836, by telephone at (800) 503-4611 or by email at firstname.lastname@example.org; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by phone at (800) 831- 9146; Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, 1-800-221-1037, email@example.com; Goldman Sachs & Co. LLC, 200 West Street, New York, New York 10282, Attn: Prospectus Department, Telephone 212-902-1171, Email: firstname.lastname@example.org; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, email@example.com, (888) 603-5847; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Phone: 631-254-1735; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014 or RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor New York, New York 10281, Attention: Leveraged Capital Markets; by telephone at 1-877-280-1299.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes or any other securities, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based on T-Mobile management’s current expectations. Such statements include, without limitation, statements about the expected closing of the offering of the notes and statements regarding the intended use of proceeds from the offering of the notes. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, including, without limitation, prevailing market conditions, difficulties in executing the offering of the notes and other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. More information about potential risk factors that could affect T-Mobile and its results is included in T-Mobile’s filings with the SEC, which are available at https://www.sec.gov.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210111006091/en/
ROCHESTER, N.Y., Jan. 13, 2021 (GLOBE NEWSWIRE) -- Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, will release its fiscal 2021 third quarter earnings on January 27, 2021. The Company will host a conference call and audio webcast on Wednesday, January 27, 2021 at 8:30 a.m. Eastern Time.
The conference call may be accessed by dialing 1-877-425-9470 and using the required passcode 13715011. A replay will be available approximately two hours after the recording through Wednesday, February 10, 2021 and can be accessed by dialing 1-844-512-2921 and using the required passcode of 13715011. The live conference call and replay can also be accessed via audio webcast at the Investors section of the Company’s website, located at corporate.monro.com. An archive will be available at this website through February 10, 2021.
About Monro, Inc.
Headquartered in Rochester, New York, Monro is a chain of 1,259 company-operated stores, 96 franchised locations, seven wholesale locations and three retread facilities providing automotive undercar repair and tire sales and services. The Company operates in 32 states, serving the MidAtlantic and New England regions and portions of the Great Lakes, Midwest, Southeast and Western United States. The predecessor to the Company was founded by Charles J. August in 1957 as a Midas Muffler franchise. In 1966, Monro began to diversify into a full line of undercar repair services. The Company has experienced significant growth in recent years through acquisitions and, to a lesser extent, the opening of newly constructed stores. The Company went public in 1991 and trades on The Nasdaq Stock Market under the symbol MNRO.
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