AT&T Inc. (NYSE: T) (“AT&T”) announced today that it intends to accept the total principal amount of notes in the table below that were validly offered and not validly withdrawn since 5pm, New York City time, on August 7, 2020 (the “Dead Tender Deadline”), in the Capped Tender Offers. AT&T also announced a further extension of the Capped Tender Offers to allow the acceptance of such offered notes. In connection with the increase and acceptance of notes, AT&T will take leave of the financing condition described in the Offer to purchase and expects to have cash on hand for the purchase of the notes, including the amounts further described.
As a result of the scope, the maximum total principal amount of AT & T’s Floating Rate Global Notes due 2021 (July) that is accepted in the Capped Tender offers is $ 1,214,359,000, the maximum total principal amount of AT & T’s Floating Rate Global Notes due 2024 that will be accepted in the Capped Tender Offers is $ 2,134,873,000, and the maximum total principal amount of AT & T’s 3.400% Global Notes due 2025 that will be accepted in the Capped Tender offers is $ 2,675,326,000.
The withdrawal period for the Capped Tender Offers occurred at 5:00 pm, time in New York City, on August 7, 2020. As a result, registered records may no longer be withdrawn, except in certain limited circumstances where additional withdrawal rights are required by law (as provided by AT&T). The price of the notes will take place at 11 a.m., time in New York City, on August 10, 2020.
The submission date for notes that are validly submitted and not validly withdrawn at or prior to the Dead Time Deadline is expected to be August 12, 2020. Holders will receive the applicable total fee (as specified in the offer to purchase) and deliver and unpaid interest from the last date of payment for such notes until, but not including, such settlement date.
|
Title of notes |
Publisher |
Principal amount |
CUSIP number |
Aggregate main character |
|
Floating Rate Global Notes due 2021 (July) |
AT&T Inc. |
$ 1,500,000,000 |
00206RDV1 |
$ 1,214,359,000 |
|
Floating Rate Global Notes due 2024 |
AT&T Inc. |
$ 3,750,000,000 |
00206RGD8 |
$ 2,134,873,000 |
|
3,400% Global Notes due 2025 * |
AT&T Inc. |
$ 5,000,000,000 |
00206RCN0 |
$ 2,675,326,000 |
| _______________________________________________________ | ||||
|
(1) Reflects the total principal amount of each series of notes validly submitted and not validly withdrawn since the Early Tender Deadline, based on information provided by the Procurement Agent to AT&T. AT&T intends to accept all notes that have been validly submitted and not validly withdrawn since the Early Tender Deadline. |
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* Indicates a series of notes for which the calculation of the total consideration applied can be made with the value of such notes as determined at the right time for price determination (as set out in the Offer to Buy) or as the principal amount of such notes had been available on the applicable par call date. |
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The Capped Tender Offers will expire on August 21, 2020 at 11:59 a.m., New York City time.
This press release is not an offer to sell as an solicitation of an offer to purchase any of the securities described herein. The tender offers described here were made solely by the offer to purchase and only to such persons and in such jurisdictions as permitted under applicable law.
However, the communication of this press release, the offer to purchase or other materials for offer are related to the tender offers, and such documents and / or materials have not been approved by an authorized person for the purposes of section 21 of the UK Act 2000 for Financial Services and Markets (the “FSMA”). In addition, this press release, the offer to purchase and such documents and / or materials are not distributed to, and should not be passed on to persons in the United Kingdom other than (a) persons with professional experience in investment matters fall within section 19 (5) of the Financial Services and Markets Act 2005 (the Financial Services and Markets Act 2000) (the “Order”); or (b) entities with a high net worth, and other persons to whom it may be legally notified, fall within Article 49 (2) (a) to (d) of the Order (such persons are collectively “relevant persons”). . This press release and the offer to buy are only available to relevant persons and the transactions contemplated here will only be available to, or only deal with relevant persons, and should not be trusted as traded by persons other than relevant persons.
Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, JP Morgan Securities LLC and Morgan Stanley & Co. LLC act as the Joint-Lead Dealer Managers for the tender offers. For additional information on the terms and conditions of the Capped Tender offers, please contact Deutsche Bank Securities Inc. at (866) 627-0391 (toll free) or (212) 250-2955 (collect), Goldman Sachs & Co. LLC at (212)) 902-6351 (collect) or by email at [email protected], JP Morgan Securities LLC at (866) 834-4666 (toll free) or (212) 834-3424 (collect) or Morgan Stanley & amp; Co. LLC at (800) 624-1808 (toll free) or (212) 761-1057 (collect). Global Bondholder Services Corporation acts as the tender agent and information agent for the tenders. Requests for assistance in connection with the Capped Tender Offers or for additional copies of the Offer for Sale may be directed to Global Bondholder Services Corporation at (866) 470-3900 (toll free) or (212) 430-3774 (collect ). You can also contact your broker, dealer, commercial bank, trust company or other nominee for assistance regarding the offers for capped tender. The offer to buy, dated July 27, 2020 (the “offer to buy”), can be accessed at the following link: https://gbsc-usa.com/registration/att.
Careful language class regarding forward-looking statement
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