8-KOther EventsExhibits & Filings

AT&T INC. 8-K Report, Corporate Update (Mar 13, 2013)

Filed March 13, 2013For Securities:TT-PCTBBT-PA

Summary

AT&T Inc. (T) filed a Form 8-K on March 13, 2013, to report the closing of a significant debt offering. The company successfully issued €1,250,000,000 of 2.500% Global Notes due 2023 and €400,000,000 of 3.550% Global Notes due 2032. This combined offering, equivalent to approximately $2.15 billion USD based on the prevailing exchange rate at the time, was conducted under an Underwriting Agreement dated March 6, 2013. The issuance of these notes indicates AT&T's continued access to capital markets and its strategy for managing its debt structure. Investors should note that the proceeds from such offerings are typically used for general corporate purposes, which may include funding operations, capital expenditures, or refinancing existing debt. The filing also includes standard exhibits such as the underwriting agreement and forms of the notes, along with legal opinions regarding their validity.

Key Highlights

  • 1AT&T Inc. completed the sale of €1.25 billion in 2.500% Global Notes due 2023.
  • 2AT&T Inc. also completed the sale of €400 million in 3.550% Global Notes due 2032.
  • 3The total principal amount of notes issued is equivalent to approximately $2.15 billion USD.
  • 4The debt offering closed on March 13, 2013, under an Underwriting Agreement dated March 6, 2013.
  • 5The notes were issued under an Indenture originally established between SBC Communications Inc. and The Bank of New York Mellon.
  • 6The notes were registered under the Securities Act of 1933.
  • 7The filing includes exhibits such as the Underwriting Agreement, forms of the notes, and legal opinions.

Frequently Asked Questions

The primary purpose of this 8-K filing was to report the closing of AT&T's debt offering, specifically the sale of €1,250,000,000 of 2.500% Global Notes due 2023 and €400,000,000 of 3.550% Global Notes due 2032.

AT&T raised a total of €1,650,000,000, which was approximately U.S. $2,145,825,000 based on the exchange rate on March 6, 2013.

While not explicitly stated in this filing, proceeds from such debt offerings are typically used for general corporate purposes. This can include funding capital expenditures, supporting ongoing operations, potential acquisitions, or refinancing existing debt obligations.

Registration under the Securities Act of 1933 means that the securities offered have been registered with the SEC, making them eligible for sale to the public and providing investors with more transparent disclosure about the offering.