AT&T to redeem in full $1.2 billion of bonds due 2022, 2023

By Taylor Fox

New York, Aug. 19 – AT&T Inc. has issued notices for the full redemption of all outstanding principal amounts of three series of bonds totaling about $1.2 billion, according to a news release.

Specifically, AT&T will redeem

• $53,161,000 aggregate principal amount of the 3.4% notes due June 15, 2022 issued by Time Warner Inc. (Cusip: 887317AQ8);

• $177,236,000 aggregate principal amount of the 3.4% global notes due June 15, 2022 issued by AT&T (Cusip: 00206RHM7); and

• $928,333,000 aggregate principal amount of the 3.6% global notes due Feb. 17, 2023 issued by AT&T (Cusip: 00206RCS9).

When completed, AT&T will have refinanced or repaid $19.4 billion of near-term debt obligations since the end of the second quarter through make-whole redemptions, tender offers and repayment of scheduled maturities. Of that amount, $8.2 billion will reduce the company’s debt maturing within one year.

The company said these redemptions are consistent with its plans to continue to improve its credit quality.

AT&T is a Dallas-based communication and entertainment company.

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