Summary
AT&T Inc. (T) filed a Form 8-K on February 12, 2013, to report the closing of a significant debt offering. The company successfully issued U.S.$1 billion in 0.900% Global Notes due 2016 and U.S.$1.25 billion in Floating Rate Notes due 2016, totaling U.S.$2.25 billion in aggregate principal amount. This offering was conducted under an Underwriting Agreement dated February 7, 2013, with BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, and UBS Securities LLC acting as representatives for the underwriters. The primary purpose of this filing is to provide the necessary documentation to be incorporated by reference into AT&T's existing Registration Statement on Form S-3. This action is typical for debt issuances and provides investors with the legal and contractual details surrounding the Notes. The company is leveraging its established shelf registration to access capital markets efficiently.
Key Highlights
- 1AT&T closed a debt offering on February 11, 2013, raising U.S.$2.25 billion.
- 2The offering consisted of U.S.$1 billion in 0.900% Global Notes due 2016 and U.S.$1.25 billion in Floating Rate Notes due 2016.
- 3The Notes were issued under an Underwriting Agreement with major financial institutions, including BNP Paribas, Credit Suisse, and UBS.
- 4This filing serves to incorporate key documents related to the debt issuance into AT&T's Form S-3 registration statement.
- 5The debt was issued under an Indenture originally established in 1994, with SBC Communications Inc. (now AT&T Inc.) as the predecessor.
- 6The company is registered in Delaware and its principal executive offices are located in Dallas, Texas.