AT&T announces purchase amounts of cash tenders for 53 series of notes

By Rebecca Melvin

New York, Dec. 17 – AT&T Inc.’s tender offer for 53 series of outstanding notes issued by its wholly owned subsidiaries has expired.

By the expiration time at 11:59 p.m. ET on Dec. 16, the following amounts of the series were tendered:

• $21.41 million of Michigan Bell Telephone Co.’s $102.8 million of 7.85% debentures due Jan. 15, 2022;

• $15.32 million of Time Warner’s $77.9 million of 4% notes due 2022;

• $4,689,000 of DirecTV Holdings LLC and DirecTV Financing Co., Inc.’s $65,028,000 of 3.8% senior notes due 2022;

• $32,135,000 of Time Warner’s $95,318,000 of 3.4% notes due 2022;

• $9,493,000 of Historic TW Inc.’s $115,871,000 of 9.15% debentures due 2023,

• $6,486,000 of Time Warner’s $88,713,000 of 4.05% notes due 2023;

• $8,742,000 of Historic TW’s $49,643,000 of 7.57% debentures due 2024;

• $6,739,000 of DirecTV Holdings and DirecTV Financing’s $42,036,000 of 4.45% senior notes due 2024;

• $98,718,000 of Time Warner’s $160,452,000 of 3.55% notes due 2024;

• $16,882,000 of DirecTV Holdings and DirecTV Financing’s $38,659,000 of 3.95% senior notes due 2025;

• $25,214,000 of Time Warner’s $154,399,000 of 3.6% notes due 2025;

• $5,702,000 of BellSouth Telecommunications, LLC’s $105,567,000 of 7% debentures due Oct. 1, 2025;

• $11,000 of Historic TW’s $16,568,000 of 6.85% debentures due 2026;

• $24,397,000 of Time Warner’s $53,936,000 of 3.875% notes due 2026;

• $56,860,000 of Pacific Bell Telephone Co.’s $279,817,000 of 7.125% debentures due March 15, 2026;

• $42,091,000 of Time Warner’s $85,245,000 of 2.95% notes due 2026;

• $1,873,000 of Indiana Bell Telephone Co., Inc.’s $28,063,000 of 7.3% debentures due Aug. 15, 2026;

• $2,169,000 of BellSouth, LLC’s $4,295,000 of 6.04% debentures due Nov. 15, 2026;

• $39,402,000 of Time Warner’s $93,503,000 of 3.8% notes due 2027;

• $7,544,000 of Ameritech Capital Funding Corp.’s $43.38 million of 6.875% debentures due 2027;

• $3,957,000 of Ameritech Capital’s $104,205,000 of 6.55% debentures due Jan. 15, 2028;

• $16,286,000 of Historic TW’s $82,846,000 of 6.95% debentures due 2028;

• $18,607,000 of BellSouth Telecommunications’ $215,798,000 of 6.375% debentures due June 1, 2028;

• $5,615,000 of AT&T’s $120,939,000 of 6.5% notes due 2029;

• $33,731,000 of Historic TW’s $96,046,000 of 6.625% debentures due 2029;

• $72,744,000 of BellSouth, LLC’s $121,479,000 of 7 7/8% debentures due 2030;

• $73,679,000 of New Cingular Wireless Services, Inc.’s $348,621,000 of 8.75% senior notes due 2031;

• $38,522,000 of Time Warner’s $193,988,000 of 7.625% debentures due 2031;

• $12,075,000 of BellSouth, LLC’s $125,832,000 of 6.875% notes due 2031;

• $59,254,000 of AT&T’s $168,321,000 of 8.75% senior notes due Nov. 15, 2031;

• $38,598,000 of AT&T Mobility LLC’s $190 million of 7.125% senior notes due 2031;

• $14,394,000 of Time Warner’s $153,445,000 of 7.7% debentures due 2032;

• $9,602,000 of BellSouth, LLC’s $157,011,000 of 6.55% notes due 2034;

• $26,289,000 of BellSouth, LLC’s $227,344,000 of 6% notes due 2034;

• $1,759,000 of Historic TW’s $157,766,000 of 8.3% discount debentures due 2036;

• $75,156,000 of Time Warner’s $90,652,000 of 6.5% debentures due 2036;

• $337,000 of Ameritech Capital Funding’s $3,549,000 of 5.95% debentures due Jan. 15, 2038;

• $1,859,000 of DirecTV Holdings and DirecTV Financing’s $9,517,000 of 6.35% senior notes due 2040;

• $3,584,000 of Time Warner’s $27,389,000 of 6.2% debentures due 2040;

• $27,693,000 of Time Warner’s $66,554,000 of 6.1% debentures due 2040;

• $6,479,000 of DirecTV Holdings and DirecTV Financing’s $15,947,000 of 6% senior notes due 2040;

• $10,694,000 of DirecTV Holdings and DirecTV Financing’s $15,874,000 of 6.375% senior notes due 2041;

• $5,401,000 of Time Warner’s $73,554,000 of 6.25% debentures due 2041;

• $39.5 million of Time Warner’s $52,683,000 of 5.375% debentures due 2041;

• $23,141,000 of DirecTV Holdings and DirecTV’s $41,433,000 of 5.15% senior notes due 2042;

• $84.28 million of Time Warner’s $105,495,000 of 4.9% debentures due 2042;

• $30,233,000 of Time Warner’s $62,026,000 of 5.35% debentures due 2043;

• $111,386,000 of Time Warner’s $124,203,000 of 4.65% debentures due 2044;

• $87,353,000 of Time Warner’s $104,269,000 of 4.85% debentures due 2045;

• $12,685,000 of BellSouth Telecommunications’ $52,482,000 of 5.85% debentures due Nov. 15, 2045;

• $721,000 of BellSouth Telecommunications’ $77.27 million of 7% debentures due Dec. 1, 2095;

• $27,313,000 of BellSouth Telecommunications’ $41,584,000 of 6.65% zero-to-full debentures due Dec. 15, 2095; and

• $10,637,000 of BellSouth, LLC’s $55,682,000 of 7.12% debentures due July 15, 2097.

The tender offers began Nov. 18 and expired at 11:59 p.m. ET on Dec. 16. The settlement date is expected to be Dec. 19. All of the tendered notes are expected to be accepted.

Holders will also receive accrued interest in addition to the total considerations, which were announced on Dec. 16.

Deutsche Bank Securities Inc. (866 627-0391 or 212 250-2955) and Goldman Sachs & Co. LLC (800 828-3182 or 212 902-6351) are acting as the joint lead dealer managers.

Global Bondholder Services Corp. (866 470-3900 or 212 430-3774) is the tender agent and information agent.

AT&T is a Dallas-based telecommunications company.

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