By Cristal Cody
Tupelo, Miss., March 24 – AT&T Inc. priced a $300 million add-on to its three-year floating-rate global notes (Baa1/BBB+/A-) at par to yield Libor plus 65 basis points on Friday, according to an FWP filing with the Securities and Exchange Commission.
J.P. Morgan Securities LLC was the bookrunner.
AT&T sold $500 million of the floaters on Thursday at par to yield Libor plus 65 bps. The total outstanding now is $800 million.
The notes may only be called at par if certain tax laws are changed.
Proceeds will be used for general corporate purposes.
AT&T is a Dallas-based telecommunications company.
| Issuer: | AT&T Inc.
|
| Amount: | $300 million reopening
|
| Description: | Floating-rate notes
|
| Maturity: | Jan. 15, 2020
|
| Bookrunner: | J.P. Morgan Securities LLC
|
| Coupon: | Libor plus 65 bps
|
| Price: | Par
|
| Yield: | Libor plus 65 bps
|
| Call feature: | Non-callable
|
| Trade date: | March 24
|
| Settlement date: | March 28
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Fitch: A-
|
| Distribution: | SEC registered
|
| Total outstanding: | $800 million, including $500 million priced on March 23 at par
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
