8-KOther EventsExhibits & Filings

AT&T INC. 8-K Report, Corporate Update (May 30, 2017)

Filed May 30, 2017For Securities:TT-PCTBBT-PA

Summary

AT&T Inc. (T) filed a Current Report on Form 8-K on May 30, 2017, to report the closing of a debt offering. The company successfully sold CAD$1.35 billion in aggregate principal amount of Global Notes, split between CAD$600 million of 2.850% Notes due 2024 and CAD$750 million of 4.850% Notes due 2047. These notes were issued under an indenture dated May 15, 2013, and are registered under the Securities Act of 1933.

Key Highlights

  • 1AT&T closed a debt offering on May 29, 2017, raising CAD$1.35 billion.
  • 2The offering consisted of two tranches of Global Notes: 2.850% Notes due 2024 and 4.850% Notes due 2047.
  • 3The total principal amount raised was CAD$600,000,000 for the 2024 Notes and CAD$750,000,000 for the 2047 Notes.
  • 4The debt issuance was conducted under an Underwriting Agreement dated May 17, 2017.
  • 5The Notes were issued pursuant to an Indenture dated May 15, 2013, with The Bank of New York Mellon Trust Company, N.A. as Trustee.
  • 6The Notes were registered under the Securities Act of 1933 via a Form S-3 Registration Statement.
  • 7This filing serves to incorporate key documents related to the debt offering into AT&T's public filings.

Frequently Asked Questions

This 8-K filing was made to report the closing of AT&T's debt offering and to file material documents related to this offering, such as the underwriting agreement and forms of the notes, for public record and incorporation by reference.

AT&T issued a total of CAD$1.35 billion in principal amount of Global Notes. This comprised CAD$600 million of 2.850% Notes due in 2024 and CAD$750 million of 4.850% Notes due in 2047.

The notes issued were 2.850% Global Notes due 2024 and 4.850% Global Notes due 2047. They were issued under AT&T's existing indenture dated May 15, 2013.

This debt issuance represents AT&T's successful access to capital markets in Canadian dollars. The funds raised could be used for general corporate purposes, refinancing existing debt, or funding strategic initiatives. Investors should monitor how this new debt impacts the company's leverage ratios and interest expense.