AT&T Inc. Issues A$1.325 Billion in Notes

September 19, 2018

AT&T Inc. issued A$475 million aggregate principal amount of 3.450% Notes due 19 September 2023, A$300 million aggregate principal amount of 4.100% Notes due 19 January 2026, A$400 million aggregate principal amount of 4.600% Notes due 19 September 2028 and A$150 million aggregate principal amount of Floating Rate Notes due 19 September 2023. The proceeds from the sale of the notes are being used for general corporate purposes.

This was AT&T's first offering in the Australian market, and the notes were issued under AT&T's recently established A$5 billion Australian Dollar Debt Issuance Program. S&C represented four joint lead managers, Commonwealth Bank of Australia, Deutsche Bank AG, Sydney Branch, Mizuho Securities Asia Limited and The Toronto-Dominion Bank. AT&T is a worldwide leader in telecommunications services with a market capitalization of over $240 billion.

The S&C team for the issuance of the notes was led by Patrick Brown, along with Sarah Wilson, Anel Loubser, William Zhao and Katherine Cornish. Jeffrey Hochberg and Saul Brander, along with Joshua Graybill advised on tax matters. Connor Schillerstrom provided valuable advice.