AT&T Inc. Announces Settlement of Euro and USD Bond Issuances and Early Compensation of Debt

DALLAS–(BUSINESS WIRE)–AT&T Inc. (NYSE: T) continues to actively de-worry its capital building, extending debt maturities at historically low coupons.

On Would perhaps perchance 27, 2020, AT&T closed its sale of €3 billion blended major amount of its Global Notes due 2028, 2032 and 2038. Moreover, the corporate announced as of late the settlement of $12.5 billion blended major amount of its Global Notes due 2027, 2031, 2041, 2051 and 2060. The total of these issuances is roughly $15.8 billion U.S. Dollar identical.

Proceeds from the issuances will essentially be outdated for the prepayment of upcoming debt maturities. AT&T has issued notices for the redemption in fat of the total infamous major amount of six sequence of bonds totaling roughly $8.6 billion and term loans totaling $6.3 billion. The total major of these prepayments is roughly $14.9 billion.

This sequence of transactions is per AT&T’s plans to proceed bettering its credit score quality even because it stays committed to paying a dividend to its shareholders and investing in its allege areas — HBO Max, 5G and fiber. For fat-year 2020, AT&T expects its dividend payout of free money float ratio will likely be in the 60% vary and is targeting the low stay of that adjust. This provides the corporate the flexibility to proceed to decrease debt phases for the duration of 2020.

AT&T companies and products and products are supplied or supplied by subsidiaries and mates of AT&T Inc. below the AT&T price and no longer by AT&T Inc. Extra files is in the market at about.att.com. © 2020 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and diverse marks are emblems and repair marks of AT&T Intellectual Property and/or AT&T affiliated corporations. All diverse marks contained herein are the property of their respective dwelling owners.

Cautionary Language Pertaining to Forward-Taking a look Statements

Files residing forth on this news originate comprises monetary estimates and diverse ahead-making an strive statements which is more likely to be discipline to risks and uncertainties, and precise results could well presumably vary materially. A dialogue of issues which will affect future results is contained in AT&T’s filings with the Securities and Alternate Commission. AT&T disclaims any obligation to update and revise statements contained on this news originate based mostly on fresh files or in every other case.

This news originate can also own definite non-GAAP monetary measures. Reconciliations between the non-GAAP monetary measures and the GAAP monetary measures can be found on the corporate’s websites at https://merchants.att.com.

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