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AT&T Inc. Announces Offers To Exchange Seventeen Series Of Notes For New Notes Due 2042 And 2045 And Cash, As Applicable

Add after last graph of release and before FORWARD-LOOKING STATEMENTS: About AT&T section and copyright language.

The corrected release reads:

AT&T INC. ANNOUNCES OFFERS TO EXCHANGE SEVENTEEN SERIES OF NOTES FOR NEW NOTES DUE 2042 AND 2045 AND CASH, AS APPLICABLE



AT&T Inc. (NYSE: T; and “ AT&T”) today announced the commencement of private offers to (i) exchange (the “ Pool 1 Offer”) the three series of notes described in the table below (the “ Pool 1 Notes”) for a new series of AT&T’s senior notes to be due in 2042 (the “ New 2042 Notes”) and cash;

Title of Security   Issuer  

Consideration Exchanged For

7.12% Debentures due 2097   BellSouth Corporation (1)   New 2042 Notes and cash
7.0% Notes due 2095   BellSouth Telecommunications, LLC (2)   New 2042 Notes and cash
6.65% Zero-to-Full Debentures due 2095   BellSouth Telecommunications, LLC (2)   New 2042 Notes and cash

(1) The 7.12% Debentures due 2097 were originally issued by BellSouth Capital Funding Corporation, which subsequently merged with and into BellSouth Corporation.

(2) BellSouth Telecommunications, LLC was formerly known as BellSouth Telecommunications, Inc.

   

(ii) exchange (the “ Pool 2 Offer”) the four series of notes described in the table below (the “ Pool 2 Notes”) for a new series of AT&T’s senior notes to be due in 2045 (the “ New 2045 Notes” and, together with the New 2042 Notes, the “ New Notes”) and cash;

Title of Security   Issuer  

Consideration Exchanged For

7.875% Notes, due 2030   BellSouth Corporation (1)   New 2045 Notes and cash
6.875% Notes, due 2031   BellSouth Corporation   New 2045 Notes and cash
6.550% Notes, due 2034   BellSouth Corporation   New 2045 Notes and cash
6.00% Notes, due 2034   BellSouth Corporation   New 2045 Notes and cash

(1) The 7.875% Notes were original issued by BellSouth Capital Funding Corporation, which subsequently merged with and into BellSouth Corporation.

   

and (iii) exchange (the “ Pool 3 Offer”, and together with the Pool 1 Offer and the Pool 2 Offer, the “ Exchange Offers”) the ten series of notes described in the table below (the “ Pool 3 Notes”, and together with the Pool 1 Notes and the Pool 2 Notes, the “ Old Notes”) for New Notes identified in the chart below and, as applicable, cash, as set forth in the table below. The aggregate principal amount of Pool 3 Notes that are accepted for exchange will be based on the order of acceptance priority for such series as set forth in the below table.

Title of Security   Issuer  

Consideration Exchanged For

 

Acceptance Priority Level

6.450% Global Notes due 2034   AT&T Inc.   New 2045 Notes   1
6.150% Global Notes due 2034   AT&T Inc.   New 2045 Notes   2
8.00% Notes, due 2031   AT&T Corp. (1)   New 2042 Notes   3
8.750% Notes, due 2031   New Cingular Wireless Services, Inc. (2)   New 2042 Notes   4
7.125% Senior Notes, due 2031   AT&T Mobility LLC (3)   New 2042 Notes   5
6.800% Notes, due 2036   AT&T Inc.   New 2045 Notes and cash   6
6.40% Global Notes due 2038   AT&T Inc.   New 2045 Notes and cash   7
6.500% Global Notes due 2037   AT&T Inc.   New 2042 Notes and cash   8
6.30% Global Notes due 2038   AT&T Inc.   New 2042 Notes and cash   9
6.550% Global Notes due 2039   AT&T Inc.   New 2045 Notes and cash   10

(1) The 8.00% Notes due 2031 were issued by AT&T Corp. and are fully, unconditionally and irrevocably guaranteed by AT&T.

(2) New Cingular Wireless Services, Inc. was formerly known as AT&T Wireless Services, Inc.

(3) AT&T Mobility LLC was formerly known as Cingular Wireless LLC.

     

In addition, holders whose Old Notes are accepted for purchase will receive accrued and unpaid interest from the last interest payment date to, but not including, the date on which such Old Notes are exchanged.

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