AT&T Is Raising $12.5 Billion In Another Bond Sale To Refinance Oustanding Debt

deadline.com:

By Jill Goldsmith WarneMedia parent AT&T is raising $12.5 billion in its second bond sale in a week that it will use to retire outstanding debt.

the company said in an SEC filing Friday. It’s selling five tranches of global notes for, respectively, $1.5 billion, $2.5 billion (two tranches) and $3 billion (two tranches) due starting 2027 through 2060.

AT&T intends to use the proceeds for the early redemption or repayment of the outstanding debt, and to pay related premiums, accrued interest and fees and expenses associated with such redemption or repayment, it said, referring to four oustanding tranches of global notes and outstanding principal amounts on two term loans — many of which would mature or come due later this year or next.