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Actionable news in TMUS: T-MOBILE US Inc,

Entry into a Material Definitive Agreement

On November18, 2015, T-Mobile US, Inc. (the Company) and certain subsidiaries entered into agreements pertaining to a $800,000,000 revolving securitization facility of unsecured handheld device installment plan receivables (the EIP Receivables Facility), of which, $650,000,000 is committed for 2 years and $150,000,000 is scheduled to expire on July1, 2016.

In connection with the EIP Receivables Facility, T-Mobile Financial LLC, a wholly-owned subsidiary of the Company (Finco), and T-Mobile Handset Funding LLC, a special purpose entity and wholly-owned subsidiary of Finco (T-Mobile Funding), have entered into a Receivables Sale Agreement, dated as of November18, 2015 (the Receivables Sale Agreement), by and between Finco, as seller, and T-Mobile Funding, as purchaser, pursuant to which Finco will from time to time sell and/or contribute certain of its unsecured handheld device installment plan receivables and related assets (collectively, the Receivables) to T-Mobile Funding. Immediately after purchasing the Receivables from Finco under the Receivables Sale Agreement, T-Mobile Funding will sell such Receivables to Royal Bank of Canada (RBC), as agent for certain financial institutions party thereto from time to time (collectively, the Purchasers), pursuant to a Receivables Purchase and Administration Agreement, dated as of November18, 2015 (the Receivables Purchase and Administration Agreement), among T-Mobile Funding, Finco, the...


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