Sprint Faces Mounting Pressure As Dish Lines Up Financing

A Sprint Store in Omaha, Neb. | Photo courtesy of Creative Commons
A Sprint Store in Omaha, Neb. | Photo courtesy of Creative Commons

Sprint Nextel is under increasing pressure to open up its books to Dish Network, which is arranging the financing it would need to outbid SoftBank with a $25.5 billion offer to take over Overland Park, Kan.-based Sprint. Dish is already raising about $2.6 billion in a bond offering managed by Barclays, Jefferies Group, Macquarie Group and Royal Bank of Canada. The Englewood, Colo.-based 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 have said.

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