Array Digital Infrastructure 5.500% Senior Notes due 2070 (UZE) Stock Price, News & Analysis

Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070 (UZE) are debt securities issued by Array Digital Infrastructure, Inc., a company in the information sector classified under wireless telecommunications carriers (except satellite). The issuer was formerly known as United States Cellular Corporation and continues as a public company under the name Array Digital Infrastructure, Inc.

According to the company’s definitive proxy statement and recent current reports on Form 8-K, United States Cellular Corporation completed a significant transaction with T-Mobile US, Inc. and subsequently changed its name to Array Digital Infrastructure, Inc. The proxy statement explains that the transaction with T-Mobile closed on August 1, 2025, and that United States Cellular Corporation changed its name to Array Digital Infrastructure, Inc. on that date. The proxy statement further notes that the common stock continues to trade on the New York Stock Exchange and that the ticker was changed from USM to AD.

The proxy statement also describes how, following the close of the T-Mobile transaction, Array is operating primarily as a tower business with over 4,400 owned towers, as well as owning wireless spectrum and equity-method investments. It states that the company has entered into agreements to sell additional spectrum licenses and will continue to look for opportunities to monetize its remaining spectrum. These disclosures provide context for the environment in which the 5.500% Senior Notes due 2070 exist, including the issuer’s focus on digital infrastructure assets such as towers and spectrum.

Recent Form 8-K filings identify the registrant as Array Digital Infrastructure, Inc. (f/k/a United States Cellular Corporation) and list several series of long-dated senior notes, including the 5.500% Senior Notes due 2070. These filings confirm that the notes remain part of the company’s capital structure and are associated with the Array Digital Infrastructure, Inc. credit profile and financing arrangements.

In an 8-K dated December 8, 2025, Array Digital Infrastructure, Inc. reports entering into a Fifth Amendment to its First Amended and Restated Credit Agreement. The amendment reduces borrowing capacity under the credit agreement, extends the maturity date, removes a credit spread adjustment applicable to the Term SOFR interest rate, adjusts the maximum permitted cash netting for leverage ratio calculations, and increases the capacity for secured and unsecured debt at Array, its subsidiaries, and its parent, Telephone and Data Systems, Inc. These changes illustrate how the company manages its broader debt and liquidity position alongside its outstanding senior notes.

Another 8-K dated January 13, 2026, discloses that Array and certain subsidiaries completed the sale of select spectrum assets to New Cingular Wireless PCS, LLC (AT&T) under a License Purchase Agreement. The filing states that the purchase price was paid in cash and that a portion of the price was allocated to certain 700 MHz band spectrum licenses held by entities in which Array holds 100% of the equity interests. The same filing notes that the Board of Directors declared a special cash dividend to holders of Array’s Common Stock and Series A Common Stock. These events reflect the company’s efforts to monetize spectrum assets and return capital to equity holders, which can be relevant context for investors evaluating Array’s overall financial strategy and its ability to service long-term obligations such as the 5.500% Senior Notes due 2070.

Array’s proxy statement also outlines corporate governance and shareholder matters, including the annual election of directors, ratification of the independent registered public accounting firm, proposed amendments to the Restated Certificate of Incorporation to reflect changes in the company’s business after the T-Mobile transaction, and an advisory vote on executive compensation. These disclosures help investors understand the governance framework under which the issuer of the UZE notes operates.

Because UZE represents a specific series of 5.500% Senior Notes due 2070, investors typically consider the issuer’s business profile (including its tower operations, spectrum holdings, and equity-method investments), its capital structure and credit agreements, and its ongoing asset sales and dividend actions as disclosed in SEC filings when assessing the risk and characteristics of these notes.

Key characteristics of Array Digital Infrastructure, Inc. as issuer

• Public company in the information sector, classified under wireless telecommunications carriers (except satellite).
• Formerly known as United States Cellular Corporation; name changed to Array Digital Infrastructure, Inc. following the closing of a transaction with T-Mobile.
• Operates primarily as a tower business with over 4,400 owned towers, and also owns wireless spectrum and equity-method investments, as described in the 2025 proxy statement.
• Has entered into agreements to sell additional spectrum licenses and has disclosed a focus on monetizing remaining spectrum.
• Maintains various long-term debt instruments, including 5.500% Senior Notes due 2070, as referenced in multiple 8-K filings.