This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

AT&T Inc. Announces Initial Results And Upsizing Of Pending Maximum Tender Offers

Stocks in this article: T

AT&T Inc. (NYSE:T)(“ AT&T”) announced today the early tender results for its previously announced tender offers (the “ Maximum Tender Offers”) to purchase for cash up to the Maximum Tender Amount (as defined below) of its debt securities listed in the table below (collectively, the “ Notes” and each a “ series” of Notes). In addition, AT&T has amended the Maximum Tender Offers to increase the Maximum Tender Amount announced on November 14, 2013 from $2,285,117,000 to $3,285,117,000 (the “ Maximum Tender Amount”) and to eliminate the series-specific cap previously applicable to the 5.20% Notes due 2016 and 5.625% Global Notes due 2016 (together, the “2016 Notes”). AT&T expects to purchase all 2016 Notes validly tendered. All other terms of the Maximum Tender Offers, as previously announced, remain unchanged. Between the Maximum Tender Offers, as amended hereby, and the related any and all tender offers that commenced on November 5, 2013 and were settled on November 14, 2013, AT&T commenced tender offers to purchase for cash certain debt securities in an aggregate principal amount of up to $5,000,000,000. 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”). AT&T refers investors to the Tender Offer Documents, as supplemented by the amendment noted above, for the complete terms of the Maximum Tender Offers.

As of the previously announced early tender date and time of 5:00 p.m., New York City time, on November 19, 2013 (the “ Early Tender Date”), $3,475,117,000 aggregate principal amount of Notes had been validly tendered and not validly withdrawn. Withdrawal rights for the Notes expired at 5:00 p.m., New York City time, on November 19, 2013. The table below sets forth the aggregate principal amount and percentage of Notes validly tendered and not validly withdrawn by the Early Tender Date. The final results of the Maximum Tender Offers will not be available until after the Maximum Tender Offers expire at 11:59 p.m., New York City time, on December 4, 2013, unless extended or earlier terminated (such date and time, as the same may be extended, the “ Maximum Tender Expiration Date”).


Up to the Maximum Tender Amount of the Outstanding Notes 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 (1)


Principal Amount Tendered at Early Tender Date


Percent Tendered of Amount Outstanding

5.20% Notes due 2016   079860AL6   $400,000,000   1   +55  

0.625% due10/15/16

  PX1   $30   $100,708,000   25.18%
5.625% Global Notes due 2016   78387GAL7   $1,250,000,000   2   +35  

0.625% due10/15/16

  PX1   $30   $400,525,000   32.04%
6.500% Global Notes due 2037   00206RAD4   $1,981,282,000   3   +185  

2.875% due5/15/43

  PX1   $30   $826,712,000   41.73%
6.300% Global Notes due 2038   00206RAG7   $2,750,000,000   4   +185  

2.875% due5/15/43

  PX1   $30   $931,512,000   33.87%
6.55% Global Notes due 2039   00206RAS1   $2,250,000,000   5   +185  

2.875% due5/15/43

  PX1   $30   $811,701,000   36.08%
6.450% Global Notes due 2034   78387GAM5   $491,219,000   6   +160  

2.875% due5/15/43

  PX1   $30   $84,854,000   17.27%
6.40% Global Notes due 2038   00206RAN2   $445,620,000   7   +180  

2.875% due5/15/43

  PX1   $30   $131,845,000   29.59%
6.150% Global Notes due 2034   78387GAQ6   $586,254,000   8   +160  

2.875% due5/15/43

  PX1   $30   $93,807,000   16.00%
7.125% Debentures due 2026   694032AT0   $625,000,000   9   +200  

2.500% due8/15/23

  PX1   $30   $93,453,000   14.95%


1 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.13 +48.24 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs