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AT&T Inc. Announces Pricing Terms With Respect To Pool 1 Offer And Pool 2 Offer And Expiration And Settlement Of Its Exchange Offers

Stock quotes in this article: T 

AT&T Inc. (NYSE: T; and “ AT&T”) today announced (i) pricing terms and settlement of its private offer to 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 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) pricing terms and settlement of its private offer to 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 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 originally issued by BellSouth Capital Funding Corporation, which subsequently merged with and into BellSouth Corporation.

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