On December 11, S&C client AT&T Inc. entered into two revolving credit agreements with Citibank as administrative agent to replace AT&T’s existing $12 billion revolving credit agreement that it entered into in December 2015. The first $7.5 billion facility is a three-year revolving facility. The second $7.5 billion facility is a five-year revolving facility.
The S&C team representing AT&T was led by Ari Blaut, along with Joyce Kwok and Steven Mermelstein.