Deals
Sprint Faces Mounting Pressure as Dish Lines Up Financing
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Sprint Nextel Corp. is under increasing pressure to open up its books to Dish Network Corp., which is arranging the financing it would need to outbid SoftBank Corp. with a $25.5 billion takeover offer.
Dish is already raising about $2.6 billion in a bond offering managed by Barclays Plc, Jefferies Group LLC, Macquarie Group Ltd. and Royal Bank of Canada. The satellite-TV company is also close to tapping the same banks for loans to help reach its goal of $9.3 billion in financing for the Sprint transaction, people familiar with the matter said yesterday.