Wireless Telecommunication Services
Company Overview of Clearwire Communications LLC
Clearwire Communications LLC provides wireless broadband service. The company was incorporated in 2008 and is based in Wilmington, Delaware. Clearwire Communications LLC operates as a subsidiary of Clearwire Corporation.
2711 Centerville Road
Wilmington, DE 19808
Founded in 2008
Key Executives for Clearwire Communications LLC
Regional General Manager of North Carolina
General Manager of Charlotte for Clear
General Manager of Greensboro for Clear
General Manager of Raleigh for Clear
General Manager of Chicago
Compensation as of Fiscal Year 2015.
Clearwire Communications LLC Key Developments
Clearwire Communications LLC and Clearwire Finance, Inc. Deliver Notices of Redemption to Redeem in Full Both Series of 12% Senior Secured Notes Due 2015 and 12% Second-Priority Secured Notes Due 2017
Oct 24 13
Sprint Corporation announced that its wholly-owned subsidiaries, Clearwire Communications LLC and Clearwire Finance Inc., have delivered notices of redemption to redeem in full both series of their 12% Senior Secured Notes due 2015 and their 12% Second-Priority Secured Notes due 2017, in each case on Dec. 1, 2013. Each series of 12% Senior Secured Notes due 2015 will be redeemed at a redemption price equal to 103.0% of the aggregate principal amount thereof. The 12% Second-Priority Secured Notes due 2017 will be redeemed at a redemption price equal to 100.0% of the aggregate principal amount thereof, plus the applicable premium as of the redemption date. The applicable premium means the greater of: 1.0% of the principal amount of such notes; or the excess of the present value at the redemption date of 106.0% of the principal amount of such notes, plus all required interest payments due on such notes through Dec. 1, 2014 (excluding accrued but unpaid interest to the redemption date), computed using a discount rate equal to the treasury rate (as defined in the indenture pursuant to which such notes were issued) as of the redemption date plus 50 basis points; over the principal amount such notes.
Clearwire Communications LLC and Clearwire Finance Inc. Expect to Amend the Indenture Governing the Issuers 8.25% Exchangeable Notes Due 2040
Oct 18 13
Sprint Corp. announced October 17, 2013 that units Clearwire Communications LLC and Clearwire Finance Inc. expect to enter into a supplemental indenture with Clearwire Finance to amend the indenture governing the issuers' 8.25% exchangeable notes due 2040. The amendments will permit the periodic reports filed by Sprint to satisfy the issuers' public reporting and related obligations in the event that Sprint and Sprint Communications Inc. irrevocably and unconditionally guarantee the 2040 notes. The changes also provide that the issuers will use commercially reasonable efforts to obtain credit ratings for the 2040 notes from two rating agencies on or before December 31, 2013 or, if not obtained by such date, as soon as reasonably practicable thereafter. Pursuant to their consent solicitation, the issuers received the consents of holders of a majority of the 2040 notes to effect the amendments prior to the expiration time of 5 p.m. ET on October 16. As a result, the issuers expect to enter into a supplemental indenture giving effect to the amendments and to make cash payments of $2.50 for each $1,000 of 2040 notes for which consent was provided. Sprint also said the issuers have extended the expiration time with respect to the consent solicitation to effect certain proposed amendments to the indenture governing their 14.75% senior secured notes due 2016 5 p.m. ET on October 18.
Clearwire Communications and Clearwire Finance Announce Amendments to its Senior Secured Notes
Oct 9 13
Sprint Corporation announced that Clearwire Communications LLC and Clearwire Finance Inc. (the Issuers), its wholly-owned subsidiaries, have commenced consent solicitations to holders of record as of 5:00 p.m., New York City time, on October 8, 2013, to amend (i) the indenture, as supplemented, governing the Issuers' 14.75% Senior Secured Notes due 2016 and (ii) the indenture, as supplemented, governing the Issuers' 8.25% Exchangeable Notes due 2040. The Proposed Amendments will (i) permit the periodic reports filed by Sprint, the indirect public parent of the Issuers, with the Securities and Exchange Commission to satisfy the Issuers' public reporting and related obligations in the event that Sprint and the Issuers' intermediate parent, Sprint Communications Inc. (formerly known as Sprint Nextel Corporation) (Old Sprint), in their sole discretion, irrevocably and unconditionally guarantee the Notes and (ii) in the case of the 2016 Notes provide that Sprint and its other subsidiaries will not be considered affiliates of the Issuers and their subsidiaries for purposes of the transactions with affiliates covenant under the 2016 Notes Indenture. If the requisite consents are not received with respect to a particular Series of Notes, and, as a result the Proposed Amendments do not become effective, no Consent Payment will be made with respect to that Series.
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