S&C Advises Underwriters in $1.265 billion SEC-registered Offering by AT&T 

December 20, 2019

Worldwide telecommunications services leader AT&T issued global notes with an aggregate principal amount of $1.265 billion via an SEC-registered Formosa offering to be listed on the Taipei Exchange and the New York Stock Exchange. The notes are due in 2050 and were sold under a shelf registration statement that AT&T filed with the SEC.

The proceeds from the sale of the notes will be used for general corporate purposes, including the repayment of upcoming debt maturities and financing AT&T's previously announced debt tender offer.

S&C represented the underwriters for the offering, including Deutsche Bank, Taipei Branch, HSBC Bank (Taiwan) Limited, Morgan Stanley (Taiwan) Limited and Standard Chartered Bank (Taiwan) Limited. The S&C team included Patrick Brown, Sarah Wilson, Anel Loubser, Katie Cornish and Chandler Harris. Jeff Hochberg, Saul Brander, Andrew Motten and Josh Graybill advised on tax matters and Kirsten Rodger advised on UK law matters.