Cases & Deals

Sprint amends existing receivables facility to include lease receivables and expands total capacity to $4.3 billion

Client(s) Sprint Corporation

Jones Day advised Sprint Corporation, a communications services company, in connection with its $1 billion increase to its existing receivables facility with Mizuho Bank, Ltd.; The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch; and SMBC Nikko Securities America, Inc., each as administrative agent. The new receivables facility permits the sale of future lease receivables and increases the maximum funding limit to a total of $4.3 billion.