AT&T INC. (NYSE:T) Files An 8-K Termination of a Material Definitive AgreementItem 1.02
As previously reported, on October22, 2016, AT&T Inc. (“AT&T”) entered into a $40billion Term Loan Credit Agreement, among AT&T, the lenders named therein and JPMorgan Chase Bank, N.A., as agent, that was subsequently amended on November15, 2016, which bifurcated the Term Loan Credit Agreement into a $30billion bridge loan (the “Bridge Loan”) and a $10billion term loan.
On June21, 2017, the commitments under the Bridge Loan were reduced to $21billion as a result of AT&T receiving net cash proceeds from the sale of certain principal amounts of its 1.050% Global Notes due 2023, 1.800% Global Notes due 2026, 2.350% Global Notes due 2029, 3.150% Global Notes due 2036, 3.550% Global Notes due 2037 and Floating Rate Global Notes due 2023.
On August7, 2017, AT&T received net cash proceeds from the sale of certain principal amounts of its 2.850% Global Notes due 2023, 3.400% Global Notes due 2024, 3.900% Global Notes due 2027, 4.900% Global Notes due 2037, 5.150% Global Notes due 2050, 5.300% Global Notes due 2058 and Floating Rate Global Notes due 2023. Following the issuance of the notes, the Bridge Loan terminated in its entirety.
About AT&T INC. (NYSE:T)
AT&T Inc. is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment. The Entertainment Group segment provides video, Internet and voice communication services to residential customers in the United States and the United States territories. The Consumer Mobility segment provides wireless service to consumers, and wireless wholesale and resale subscribers located in the United States or in the United States territories. The International segment provides video entertainment services to residential customers in Latin America, and wireless data and voice communication services to consumer and business customers in Mexico.
