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AT&T Inc. Announces Final Results Of Any And All Tender Offers And Maximum Tender Amount For Pending Maximum Tender Offers

AT&T Inc. (NYSE:T) (“ AT&T”) today announced that, pursuant to its previously announced tender offers to purchase for cash the debt securities listed in the tables below (collectively, the “ Securities” and each a “ series” of Securities), $1,714,883,000 in aggregate principal amount of Securities subject to the Any and All Tender Offers (as defined below) were validly tendered and not validly withdrawn prior to the expiration of the Any and All Tender Offers at 5:00 p.m., New York City time, on November 13, 2013 (such time and date, the “ Any and All Expiration Date”), according to the information provided by Global Bondholder Services Corporation, the tender and information agent for such tender offers, as more fully set forth below. All of such Securities have been accepted for purchase. AT&T expects to make payment for the applicable Any and All Notes in same-day funds today, November 14, 2013.

The tender offers consist of two separate groups of offers (each a “ Tender Offer”, and collectively, the “ Tender Offers”) on the terms set forth in the offer to purchase and related letter of transmittal, each dated November 5, 2013 (as they may be amended or supplemented, the “ Tender Offer Documents”), with (i) Tender Offers to purchase any and all (the “ Any and All Tender Offers”) of the fifteen series of Securities listed in the first table below (collectively, the “ Any and All Notes”), and (ii) Tender Offers to purchase up to the Maximum Tender Amount (as defined below) (the “ Maximum Tender Offers”) of the nine series of Securities listed in the second table below (collectively, the “ Maximum Tender Offer Notes”). AT&T refers investors to the Tender Offer Documents for the complete terms of the Tender Offers.

                               

Any and All of the Outstanding Securities Listed Below

 
Title of Security     CUSIP Number    

Principal Amount Outstanding

   

U.S. Treasury Reference Security

   

Reference Yield

   

Fixed Spread (Basis Points)

   

Total Consideration (1)

   

Principal Amount Tendered

   

Percent Tendered of Amount Outstanding

7.12% Debentures due 2097     079857AF5     $293,144,000    

2.875% due5/15/43

    3.864%     +245     $1,126.83     $4,043,000     1.38%
7% Debentures due 2095     079867AP2     $240,899,000    

2.875% due5/15/43

    3.864%     +245     $1,107.94     $55,380,000     22.99%
6.65% Zero-to-Full Debentures due 2095     079867AS6     $268,962,000    

2.875% due5/15/43

    3.864%     +245     $924.80     $123,356,000     45.86%
7.875% Debentures due 2030     079857AH1     $690,220,000    

2.875% due5/15/43

    3.864%     +195     $1,214.69     $184,533,000     26.74%
6.875% Notes due 2031     079860AD4     $505,451,000    

2.875% due5/15/43

    3.864%     +185     $1,129.08     $101,793,000     20.14%
6.550% Notes due 2034     079860AE2     $510,459,000    

2.875% due5/15/43

    3.864%     +190     $1,093.97     $144,271,000     28.26%
6.875% Debentures due 2027     030955AJ7     $200,000,000    

2.500% due8/15/23

    2.725%     +255     $1,156.31     $132,587,000     66.29%
6.55% Debentures due 2028     030955AN8     $400,000,000    

2.500% due8/15/23

    2.725%     +255     $1,126.03     $142,388,000     35.60%
7.30% Debentures due 2026     454614AK4     $150,000,000    

2.500% due8/15/23

    2.725%     +255     $1,186.15     $66,684,000     44.46%
7% Debentures due 2025     079867AM9     $300,000,000    

2.500% due8/15/23

    2.725%     +235     $1,170.10     $132,282,000     44.09%
6.00% Notes due 2034     079860AK8     $528,871,000    

2.875% due5/15/43

    3.864%     +185     $1,034.72     $168,260,000     31.81%
6.375% Debentures due 2028     079867AW7     $500,000,000    

2.500% due8/15/23

    2.725%     +245     $1,121.57     $166,450,000     33.29%
6.800% Notes due 2036     00206RAB8     $267,870,000    

2.875% due5/15/43

    3.864%     +180     $1,143.49     $92,624,000     34.58%
8.750% Senior Notes due 2031     00209AAF3     $896,496,000    

2.875% due5/15/43

    3.864%     +130     $1,406.80     $74,394,000     8.30%
6.500% Notes due 2029     001957AW9     $263,472,000    

2.875% due5/15/43

    3.864%     +140     $1,128.87     $125,838,000     47.76%

(1) Per $1,000 principal amount of Any and All Notes.

 
                           

Up to the Maximum Tender Amount of the Outstanding Securities Listed Below

 
Title of Security     CUSIP Number    

Principal Amount Outstanding

   

Acceptance Priority Level

   

Fixed Spread (Basis Points)

   

U.S. Treasury Reference Security

   

Bloomberg Reference Page

   

Early Tender Premium (2)

5.20% Notes due 2016 (3)     079860AL6     $400,000,000     1     +55     0.625% due 10/15/16     PX1     $30
5.625% Global Notes due 2016 (3)     78387GAL7     $1,250,000,000     2     +35     0.625% due 10/15/16     PX1     $30
6.500% Global Notes due 2037     00206RAD4     $1,981,282,000     3     +185     2.875% due 5/15/43     PX1     $30
6.300% Global Notes due 2038     00206RAG7     $2,750,000,000     4     +185     2.875% due 5/15/43     PX1     $30
6.55% Global Notes due 2039     00206RAS1     $2,250,000,000     5     +185     2.875% due 5/15/43     PX1     $30
6.450% Global Notes due 2034     78387GAM5     $491,219,000     6     +160     2.875% due 5/15/43     PX1     $30
6.40% Global Notes due 2038     00206RAN2     $445,620,000     7     +180     2.875% due 5/15/43     PX1     $30
6.150% Global Notes due 2034     78387GAQ6     $586,254,000     8     +160     2.875% due 5/15/43     PX1     $30
7.125% Debentures due 2026     694032AT0     $625,000,000     9     +200     2.500% due 8/15/23     PX1     $30

(2) Per $1,000 principal amount of Maximum Tender Offer Notes. The Total Consideration (as defined below) for Maximum Tender Offer Notes validly tendered at or prior to the Early Tender Date (as defined below) and accepted for purchase is calculated using the applicable Fixed Spread and is inclusive of the Early Tender Premium.

(3) The maximum aggregate principal amount of 5.20% Notes due 2016 and 5.625% Global Notes due 2016 that shall be accepted in the aggregate in the Maximum Tender Offers is $500,000,000.

 

The aggregate principal amount of the Maximum Tender Offer Notes (each as defined below) to be accepted for purchase in connection with the Maximum Tender Offers has been set at $2,285,117,000 (the “ Maximum Tender Amount”). Such Maximum Tender Amount is equal to $4,000,000,000 less $1,714,883,000, the aggregate principal amount of the Any and All Notes validly tendered and accepted for purchase.

If any Maximum Tender Offer Notes are validly tendered such that the aggregate principal amount of such tendered Maximum Tender Offer Notes exceeds the Maximum Tender Amount, the Maximum Tender Offer Notes will be purchased in accordance with the acceptance priority levels set forth in the second table above, and may be subject to proration as described in the Tender Offer Documents.

Stock quotes in this article: T 

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