Sprint on Friday said has signed two new deals that will bring more than $3 billion in liquidity to the carrier.

The company said it has sealed a deal to deliver a tranche of leased device assets to Mobile Leasing Solutions. Sprint said the agreement will see it exchange $1.3 billion in leased device assets for $1.1 billion in cash proceeds and $186 million of contingent deferred consideration. The cash proceeds are expected to be received in the coming weeks, Sprint said.

Friday’s lease-back agreement marks the carrier’s second exchange with Mobile Leasing Solutions, and follows a similar $1.2 billion deal executed in November. In the fall, Sprint CFO Tarek Robbiati said the tranches would continue on a quarterly basis, but would likely be smaller in scale than the first.

Mobile Leasing Solutions was formed with the help of equity investors, including Sprint’s parent company Softbank and three other Japanese banks, and structural support from Brightstar Corp’s Financial Services Business.

In contrast with the first MLS transaction, Sprint said this sale lease-back arrangement will be accounted for on-balance sheet as financing. The carrier said the lease assets will remain in its Property, Plant, & Equipment line and will continue to be depreciated over their remaining useful lives.

In a separate transaction announced Friday, Sprint said it signed an 18-month bridge financing deal with Japan’s Mizuho Bank that will provide the carrier with an extra $2 billion in liquidity. The deal includes an option for Sprint to add up to an additional $500 million in commitments, the carrier said.

Sprint said it will use the funds from the Mizuho deal to “execute its turnaround initiatives, densify and optimize its network, and progress towards other financing transactions in the future.”

The carrier, which is planning to release its fiscal year 2015 fourth quarter and full year results early next week, said it will address questions about the transactions during its earnings call.

Sprint shares on Friday briefly spiked just under three percent on the news before dropping 5.44 percent by 11 a.m.