AT&T issues call for 11 note series at 101 related to merger plans

By Susanna Moon

Chicago, April 23 – AT&T Inc. is required to call 11 series of notes at 101% of par under a special mandatory redemption provision.

The call provision was triggered on April 22 when the company’s planned merger with West Merger Sub, Inc. had not closed by then, according to an 8-K filing with the Securities and Exchange Commission.

The following notes will be redeemed on May 23 under the special mandatory redemption provision:

• $489.12 million principal amount of floating-rate global notes due 2023;

• $2,249,374,000 principal amount of 3.4% global notes due 2024;

• $3,843,488,000 principal amount of 3.9% global notes due 2027;

• $3,175,908,000 principal amount of 4.9% global notes due 2037;

• $3,213,314,000 principal amount of 5.15% global notes due 2050;

• $1,832,416,000 principal amount of 5.3% global notes due 2058;

• €359,843,000 principal amount of floating-rate global notes due 2023;

• €294,527,000 principal amount of 1.05% global notes due 2023;

• €260,281,000 principal amount of 1.8% global notes due 2026;

• €239,131,000 principal amount of 2.35% global notes due 2029; and

• £1 billion principal amount of 3.55% global notes due 2037.

AT&T will be required to pay a total of $14,634,909,439 for the fixed-rate dollar notes, €1,175,312,704 for the euro notes and £1,034,412,329 for the sterling notes on the redemption date. The amount AT&T will be required to pay for the floating-rate dollar notes will be determined on May 14.

The paying agent is Bank of New York Mellon Trust Co., NA.

AT&T is a Dallas-based telecommunications company.

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