AT&T Inc. Issues $1.5 Billion in NotesJune 25, 2018
AT&T Inc. issued $1.5 billion aggregate principal amount of floating rate global notes due 2021. The proceeds from the sale of the notes are being used for general corporate purposes.
The notes were sold under a shelf registration statement that AT&T filed with the SEC on February 25, 2016. S&C acts as designated underwriters' counsel in offerings by AT&T and represented Merrill Lynch, Pierce, Fenner & Smith Incorporated and U.S. Bancorp Investments, Inc., the joint bookrunning managers for this offering. AT&T is a worldwide leader in telecommunications services with a market capitalization of more than $230 billion.
The S&C team for the issuance of the notes was led by Patrick Brown, along with Sarah Wilson and Katherine Cornish. Jeffrey Hochberg and Saul Brander, along with Andrew Motten advised on tax matters.