AT&T Inc. entered into a $14.7 billion 364-day delayed draw term loan facility with a syndicate of banks on January 29. The proceeds of the term loan will be used for general corporate purposes, which may include financing acquisitions of additional spectrum.
AT&T is a longtime client of S&C. Most recently, the Firm advised on the company’s $1.265 billion notes offering
and the $1.43 billion sale
of its minority stake in Hulu.
The S&C team representing AT&T included Ari Blaut, special counsel Joyce Kwok and associate Rebekah Kostelak.