| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for AT&T Mobility LLC > News item |
AT&T Mobility to redeem $2.25 billion of 6.5%, 7.3% notes in October
By Toni Weeks
San Diego, Sept. 8 - AT&T Mobility LLC has issued a call to fully redeem its 6.5% notes due Dec. 15, 2011 and its 7.3% senior notes due Nov. 15, 2011, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company expects to pay $2.328 billion for the redemptions, which includes $2.25 billion principal amount, $60 million of accrued interest and an $18 million call premium.
The 6.5% notes will be redeemed on Oct. 7, with the redemption amount determined on Oct. 4.
The 7.3% notes will be redeemed on Oct. 11, with the redemption amount determined on Oct. 5.
AT&T expects the redemption to result in a pre-tax gain of about $1 million for its fourth-quarter 2011 financial results. The redemption will be funded with cash on hand.
The communications company, formerly known as Cingular Wireless LLC, is a subsidiary of Dallas-based AT&T Inc.
© 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.