By Cristal Cody
Tupelo, Miss., Aug. 16 – AT&T Inc. priced $3.75 billion of floating-rate global notes due June 12, 2024 (Baa2/BBB/A-) at par to yield Libor plus 118 basis points on Thursday, according to an FWP filing with the Securities and Exchange Commission.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC were the bookrunners.
Proceeds from the deal will be used for general corporate purposes.
AT&T is a Dallas-based telecommunications company.
Issuer: | AT&T Inc.
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Amount: | $3.75 billion
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Description: | Floating-rate global notes
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Maturity: | June 12, 2024
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Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
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Co-manager: | Goldman Sachs & Co. LLC
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Coupon: | Libor plus 118 bps
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Price: | Par
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Yield: | Libor plus 118 bps
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Call feature: | None
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Trade date: | Aug. 16
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Settlement date: | Aug. 22
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Ratings: | Moody’s: Baa2
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| S&P: BBB
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| Fitch: A-
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Distribution: | SEC registered
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