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AT&T Inc. Announces Pricing Of Pending Maximum Tender Offers

AT&T Inc. (NYSE:T; “ AT&T”) today announced the consideration payable in connection with its previously announced tender offers (the “ Maximum Tender Offers”), which commenced on November 5, 2013 to purchase an aggregate principal amount of up to $2,285,117,000 (the “ Maximum Tender Amount”) of the outstanding debt securities (the “ Notes” and each a “ series” of Notes) listed in the table below. The Maximum Tender Offers will expire at 11:59 p.m., New York City time, on December 4, 2013 unless extended (such date and time, as the same may be extended, the “ Maximum Tender Expiration Date”). The Maximum Tender Offers are being made solely pursuant to 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”).

The table below sets forth the Total Consideration for each series of Notes.

Up to the Maximum Tender Amount of the Outstanding Notes Listed Below
 
Title of Security  

CUSIP

Number
 

Principal Amount Outstanding
 

Acceptance Priority Level
 

U.S. Treasury Reference Security
 

Reference Yield
 

Fixed Spread (Basis Points)
 

Total Consideration (1)

5.20% Notesdue 2016 (2)
  079860AL6   $400,000,000   1  

0.625% due10/15/16
  0.554%   +55   $1,121.63

5.625% GlobalNotes due 2016 (2)
  78387GAL7   $1,250,000,000   2  

0.625% due10/15/16
  0.554%   +35   $1,117.72

6.500% GlobalNotes due 2037
  00206RAD4   $1,981,282,000   3  

2.875% due5/15/43
  3.847%   +185   $1,103.69

6.300% GlobalNotes due 2038
  00206RAG7   $2,750,000,000   4  

2.875% due5/15/43
  3.847%   +185   $1,078.45

6.55% GlobalNotes due 2039
  00206RAS1   $2,250,000,000   5  

2.875% due5/15/43
  3.847%   +185   $1,113.26

6.450% GlobalNotes due 2034
  78387GAM5   $491,219,000   6  

2.875% due5/15/43
  3.847%   +160   $1,123.02

6.40% GlobalNotes due 2038
  00206RAN2   $445,620,000   7  

2.875% due5/15/43
  3.847%   +180   $1,099.12

6.150% GlobalNotes due 2034
  78387GAQ6   $586,254,000   8  

2.875% due5/15/43
  3.847%   +160   $1,086.71

7.125% Debenturesdue 2026
  694032AT0   $625,000,000   9  

2.500% due8/15/23
  2.691%   +200   $1,225.13

____________________ (1) Per $1,000 principal amount of Notes.

(2) 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.
 

Only Holders of Notes who validly tender and do not validly withdraw their Notes at or prior to 5:00 p.m., New York City time, on November 19, 2013 (such date and time, the “ Early Tender Date”) are eligible to receive the “ Total Consideration” listed in the table above for Notes accepted for purchase. Withdrawal rights for the Maximum Tender Offers expire at the Early Tender Date. Holders of Notes who validly tender their Notes after the Early Tender Date but at or prior to the Maximum Tender Expiration Date will be eligible only to receive an amount equal to the “ Tender Offer Consideration” for any such Notes accepted for purchase. The “Tender Offer Consideration” for each series of Notes is equal to the Total Consideration for such series less $30 per $1,000 principal amount of such Notes.

Holders will also receive accrued and unpaid interest on Notes validly tendered and accepted for purchase from the last interest payment date up to, but not including, the date AT&T makes payment in same-day funds for such Notes, which date is anticipated to be December 5, 2013.

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