Sprint's Endless Turnaround Plan Takes It Back to Junk Bonds

New CFO ends three-year run without high-yield financing
No sign that parent SoftBank is chipping in on 5G expansion

Bloomberg’s Lisa Abramowicz reports on Sprint selling $1.5 billion in junk bonds.(Source: Bloomberg)

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By Scott Moritz and Molly Smith

February 20, 2018 at 11:53 PM UTC

Updated on

February 21, 2018 at 12:55 PM UTC

This article is for subscribers only.

A month after taking over as Sprint Corp.’s chief financial officer, Michel Combes is taking a trip to the junk-bond market.

The move is a throwback to an earlier era for the cash-strapped carrier and a sign that parent SoftBank Group Corp. has no immediate plans to provide funding.