| | ||||||||||||||||||||||||||||
Title of each class of
securities offered |
| | |
Amount
to be registered |
| | |
Proposed
maximum offering price per depositary share |
| | |
Proposed
maximum aggregate offering price |
| | |
Amount of
registration fee(1) |
| ||||||||||||
Depositary Shares, each representing a 1/1000th Interest in a share of 6.625% Cumulative Redeemable Perpetual Preferred Stock, Series UU
|
| | | | | 18,400,000 | | | | | | $ | 25.00 | | | | | | $ | 460,000,000 | | | | | | $ | 50,186 | | |
6.625% Cumulative Redeemable Perpetual Preferred Stock, Series UU (“Preferred Stock”)
|
| | | | | 18,400 | | | | | |
|
(2)
|
| | | | |
|
(2)
|
| | | | |
|
(2)
|
| |
| | |
Per Depositary
Share |
| |
Total
|
| ||||||
Price to the Public(1)
|
| | | $ | 25.0000 | | | | | $ | 400,000,000.00 | | |
Underwriting Discount(2)
|
| | | $ | 0.7445 | | | | | $ | 11,912,472.50 | | |
Proceeds to Telephone and Data Systems, Inc.(3) Before Expenses
|
| | | $ | 24.2555 | | | | | $ | 388,087,527.50 | | |
|
BofA Securities
|
| |
Citigroup
|
| |
Morgan Stanley
|
| |
RBC Capital Markets
|
| |
UBS Investment Bank
|
| |
Wells Fargo Securities
|
|
|
BNY Mellon Capital Markets, LLC
|
| |
CIBC Capital Markets
|
| |
TD Securities
|
| |
US Bancorp
|
|
| | |
Page
|
| |||
| | | | S-1 | | | |
| | | | S-2 | | | |
| | | | S-12 | | | |
| | | | S-16 | | | |
| | | | S-19 | | | |
| | | | S-20 | | | |
| | | | S-21 | | | |
| | | | S-32 | | | |
| | | | S-35 | | | |
| | | | S-39 | | | |
| | | | S-43 | | | |
| | | | S-48 | | | |
| | | | S-48 | | |
| | | | |||||
| | | | | 2 | | | |
| | | | | 2 | | | |
| | | | | 4 | | | |
| | | | | 5 | | | |
| | | | | 5 | | | |
| | | | | 5 | | | |
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| | | | | 14 | | | |
| | | | | 14 | | | |
| | | | | 16 | | | |
| | | | | 17 | | | |
| | | | | 17 | | |
| | |
December 31, 2020
|
| |||||||||
| | |
Actual
|
| |
As Adjusted
|
| ||||||
| | |
(Dollars and shares in millions,
except per share amounts) |
| |||||||||
Cash and cash equivalents and short-term investments: | | | | | | | | | | | | | |
Cash and cash equivalents
|
| | | $ | 1,429 | | | | | $ | 1,815 | | |
Short-term investments
|
| | | | 3 | | | | | | 3 | | |
Total cash and cash equivalents and short-term investments
|
| | | $ | 1,432 | | | | | $ | 1,818 | | |
Short-term debt | | | | | | | | | | | | | |
Revolving Credit Facilities
|
| | | | — | | | | | | — | | |
Current portion of long-term debt
|
| | | | 5 | | | | | | 5 | | |
Total short-term debt
|
| | | $ | 5 | | | | | $ | 5 | | |
Long-term debt: | | | | | | | | | | | | | |
TDS:
|
| | | | | | | | | | | | |
5.875% Senior Notes due 2061
|
| | | $ | 195 | | | | | $ | 195 | | |
7.000% Senior Notes due 2060
|
| | | | 300 | | | | | | 300 | | |
6.875% Senior Notes due 2059
|
| | | | 225 | | | | | | 225 | | |
6.625% Senior Notes due 2045
|
| | | | 116 | | | | | | 116 | | |
Term Loan
|
| | | | 124 | | | | | | 124 | | |
Subsidiary:
|
| | | | | | | | | | | | |
UScellular debt(1)
|
| | | | 2,569 | | | | | | 2,569 | | |
TDS Telecom debt
|
| | | | 4 | | | | | | 4 | | |
Total Long-term Debt
|
| | | | 3,533 | | | | | | 3,533 | | |
TDS Shareholders’ Equity: | | | | | | | | | | | | | |
Common Shares, par value $0.01 per share, authorized 265 shares, outstanding 107 shares; and Series A Common Shares, par value $0.01 per share, authorized 25 shares, outstanding 7 shares
|
| | | | 1 | | | | | | 1 | | |
Preferred Shares, par value $0.01 per share, $25,000 liquidation preference per
share, .016 authorized shares |
| | | | — | | | | | | 386 | | |
Capital in Excess of Par Value
|
| | | | 2,482 | | | | | | 2,482 | | |
Treasury Shares, at cost, 19 Common Shares
|
| | | | (477) | | | | | | (477) | | |
Accumulated Other Comprehensive Loss
|
| | | | (4) | | | | | | (4) | | |
Retained Earnings
|
| | | | 2,802 | | | | | | 2,802 | | |
Total TDS shareholders’ equity
|
| | | | 4,804 | | | | | | 5,190 | | |
Non-controlling interests
|
| | | | 789 | | | | | | 789 | | |
Total Equity
|
| | | | 5,593 | | | | | | 5,979 | | |
Total Capitalization
|
| | | $ | 9,131 | | | | | $ | 9,517 | | |
Name
|
| |
Number of
Depositary Shares |
| | |||||
BofA Securities, Inc.
|
| | | | 2,624,000 | | | | ||
Morgan Stanley & Co. LLC
|
| | | | 2,624,000 | | | | ||
RBC Capital Markets, LLC
|
| | | | 2,624,000 | | | | ||
UBS Securities LLC
|
| | | | 2,624,000 | | | | ||
Wells Fargo Securities, LLC
|
| | | | 2,624,000 | | | | ||
Citigroup Global Markets Inc.
|
| | | | 1,600,000 | | | | ||
BNY Mellon Capital Markets, LLC
|
| | | | 320,000 | | | | ||
CIBC World Markets Corp.
|
| | | | 320,000 | | | | ||
TD Securities (USA) LLC
|
| | | | 320,000 | | | | ||
U.S. Bancorp Investments, Inc
|
| | | | 320,000 | | | | | |
Total
|
| | | | 16,000,000 | | | |
| | |
No Exercise(1)
|
| |
Full Exercise
|
| ||||||
Per Depositary Share
|
| | | $ | 0.7445 | | | | | $ | 0.7501 | | |
Total
|
| | | $ | 11,912,472.50 | | | | | $ | 13,802,472.50 | | |
| | |
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