Sprint, flirting with a bid for rival T-Mobile, is close to securing $45 billion in debt financing with a clutch of big banks, the Dealreporter said Wednesday.
A source familiar with the matter told the publication that Sprint's financing will come from JPMorgan, Cititgroup and Bank of America-Merrill Lynch, and that the amount could be reduced by $5 billion, depending on the deal conditions.
Sprint reports fourth-quarter earnings next week. People familiar with the situation told the Dealreporter that the company would like to have a deal before the earnings release, though it could also be done after that time frame.
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