Nov 16th, 2009 - Reuters
* Says now has no loan outstanding from $4.5 bln facility
* Sprint shares rise 8 pct in early trade to $3.35
NEW YORK, Nov 16 (Reuters) - Sprint Nextel Corp (S.N) saidon Monday the company has paid down a $1 billion loanoutstanding under its $4.5 billion revolving credit facility.
Sprint, which had ended the third quarter with $5.9 billionin cash and equivalents, said the payment means it no longerhas an outstanding balance on its revolving credit facility.
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