NEW YORK—Cingular Wireless plans to raise $2 billion this week from a private sale of senior secured notes of varying maturity. Proceeds from the sale are expected to be used for general corporate purposes, including repayment of commercial paper, financing of licenses and buildout requirements related to the potential NextWave re-auction requirements and funding of the company’s network-sharing agreement with VoiceStream Wireless Corp.
Standard & Poor’s assigned a single-A-plus rating to the planned sale.
