Sprint Bond Sale Brushes Bank Lenders Aside

Sprint Bond Sale Brushes Bank Lenders Aside

David Paul Morris/Bloomberg

Sprint’s willingness to sacrifice its borrowing capacity including a $3 billion unsecured revolving credit line arranged by Citigroup Inc. and JPMorgan Chase & Co. underscores the security provided by Softbank, a company with a $78 billion market value, three times the size of the U.S. unit.