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T-Mobile Agrees to Sell $2.5 Billion of Senior Notes
(finance.yahoo.com)
Apparently Senior Notes isn’t a telecom service for those over the age of 65.
In finance, senior debt is debt that takes priority over other unsecured or otherwise more "junior" debt owed by an issuer. Senior debt is frequently issued in the form of senior notes or referred to as senior loans. Senior debt has greater seniority in the issuer's capital structure than subordinated debt. In the event the issuer goes bankrupt, senior debt theoretically must be repaid before other creditors receive any payment.