Coronavirus film pandemic reports AT&T

AT&T Sells $3.27 Billion in New Debt Offering

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hollywoodreporter.com

AT&T is issuing€3 billion ($3.27 billion) in new debt, boosting its liquidity as the novel coronavirus pandemic continues to impact the company's businesses.

In a prospectus, the telecom giant said it will use cash from the offering for general corporate purposes, including the potential to pay down existing debt.

AT&T already has a heavy debt load, holding more than $150 billion in debt at the end of 2019. It entered into a $5.5 billion term loan agreement last month to give it "financial flexibility" amid the pandemic.

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