On Tuesday, Shares of Sprint Corp (NYSE:S), added 0.74% and closed at $6.78 in the last trading session. The last trading range of the stock ranges between $6.65 and $6.80. The company’s Market capitalization is $28.02 Billion with the total Outstanding Shares of 3.98 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $2.18 and reached to max level of $7.03. Sprint Corporation (NYSE:S) declared recently that three wholly owned special purpose auxiliaries (the “Issuers”) have begind an offer of up to $3.5 billion of wireless spectrum-backed notes in three series with varying maturities (the “Notes”) in a private transaction that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).
The Issuers’ directly owned auxiliaries will acquire a portfolio of FCC licenses and a small number of third-party leased license agreements (the “Spectrum Portfolio”) from auxiliaries of Sprint, which comprise a portion of Sprint’s 2.5GHz and 1.9GHz spectrum holdings, representing about 14 percent of Sprint’s total spectrum holdings on a MHz-pops basis.
The Spectrum Portfolio is presently utilized by about 77 percent of all of Sprint’s 2.5GHz facilitated sites and about 33 percent of Sprint’s 1.9GHz facilitated sites. The Spectrum Portfolio will be leased back to Sprint Communications Inc. following a long-term lease agreement, the rental payments for which are sufficient to service the Notes. Based on an independent third-party valuation, the central value of the Spectrum Portfolio as of June 30, 2017, based on the various assumptions and limitations set forth in the valuation report, is about $16.4 billion.
Netflix, Inc. (NASDAQ:NFLX), DROPPED -2.65% and closed at $100.59 in the last trading session. The last trading range of the stock ranges between $99.86 and $102.90. The company’s Market capitalization is $42.51 Billion with the total Outstanding Shares of 428.73 Million. During the 52-week trading session the minimum price at which share price traded, registered at $79.95 and reached to max level of $133.27. Netflix, the world’s leading Internet television network, confirmed that filming of a new original series created and directed by acclaimed filmmaker, Manolo Caro (Tales of an inmoral couple, Elvira I’ll Give You My Life But I’m Using It, Love of My Loves, I Don’t Know Whether to Slit My Veins or Leave Them Long) will begin in Mexico early 2017. The untitled Manolo Caro project will be available across all 190 Netflix territories.
The half-hour dark comedy, which will be filmed in 4K, revolves around a seemingly successful and idyllic family-run flower business full of dysfunctional secrets. One day, the patriarch finds out his longtime mistress has suddenly passed away and he decides to bring their children into the household alongside his current wife and family who didn’t know they existed. The series explores the need to protect and forgive loved ones, no matter how uncomfortable.
“I really wanted to work with Netflix which comes together with great responsibility as it represents international exposure for the entire team. I am happy to take on this challenge as I will have the opportunity to enjoy the unconditional support and creative freedom needed to tell this great story,” said filmmaker Manolo Caro.