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Published on 7/27/2020 in the Prospect News Investment Grade Daily.

AT&T to price notes in five parts due 2028, 2032, 2043, 2052, 2061

By Devika Patel

Knoxville, Tenn., July 27 – AT&T Inc. intends to offer dollar-denominated fixed-rate global notes in five tranches, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be sold in tranches due in 2028, 2032, 2043, 2052 and 2061.

The notes feature a make-whole call and then a par call.

Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the bookrunners.

Proceeds will be used for general corporate purposes, including the cash consideration for the company’s planned tender offer for debt securities.

AT&T is a Dallas-based telecommunications company.


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