Summary
AT&T Inc. announced the closing of its offering of $750 million in aggregate principal amount of 5.625% Global Notes due 2067 on August 1, 2018. This offering was made under an underwriting agreement dated July 25, 2018, with several prominent underwriters. The notes were issued under an existing indenture from May 15, 2013, and were registered on Form S-3. Furthermore, AT&T granted the underwriters an option to purchase up to an additional $112.5 million of these notes to cover potential over-allotments. This filing serves to incorporate key documentation related to this debt issuance into its existing registration statement with the SEC. Investors should note this is a financing activity aimed at managing AT&T's capital structure.
Key Highlights
- 1AT&T closed the sale of $750 million in 5.625% Global Notes due 2067.
- 2The offering was made under an Underwriting Agreement dated July 25, 2018.
- 3An additional $112.5 million in notes can be purchased by underwriters to cover over-allotments.
- 4The Notes were issued pursuant to an Indenture dated May 15, 2013.
- 5The issuance was registered under a Form S-3 Registration Statement (No. 333-209718).
- 6Key documents, including the underwriting agreement and the form of note, are filed as exhibits.
Frequently Asked Questions
The primary purpose of this 8-K filing is to announce the closing of AT&T's debt offering and to incorporate key documents related to this issuance, such as the underwriting agreement and the form of the note, into its existing SEC registration statement.
AT&T raised $750 million in aggregate principal amount of its 5.625% Global Notes due 2067.
The notes have a fixed interest rate of 5.625% and mature in 2067, indicating a long-term debt issuance.
Yes, AT&T granted the underwriters an option to purchase up to an additional $112.5 million of these notes to cover potential over-allotments, which could increase the total proceeds if exercised.