AT&T Inc. (NYSE:T; “ AT&T”) today announced the final results of its previously announced tender offers (the “ Maximum Tender Offers”) to purchase for cash an aggregate principal amount of up to $3,285,117,000 (the “ Maximum Tender Amount”) of its debt securities listed in the table below (collectively, the “ Maximum Tender Offer Notes”), which commenced on November 5, 2013 and expired at 11:59 p.m., New York City time, on December 4, 2013 (the “ Maximum Tender Expiration Date”).
AT&T has accepted for purchase $3,285,117,000 aggregate principal amount of Maximum Tender Offer Notes validly tendered and not validly withdrawn pursuant to the Maximum Tender Offers. AT&T will pay aggregate Total Consideration and Tender Offer Consideration of $3,618,234,549.90 for the Maximum Tender Offer Notes accepted for purchase, plus accrued and unpaid interest of $69,476,207.61.
As further explained 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”), AT&T has accepted the Maximum Tender Offer Notes for purchase in accordance with the “Acceptance Priority Levels” set forth in the table below. AT&T has accepted for purchase all of the Maximum Tender Offer Notes validly tendered and not validly withdrawn listed in the table below at Acceptance Priority Levels 1 through 6. However, because the aggregate principal amount of Maximum Tender Offer Notes validly tendered and not validly withdrawn exceeds the Maximum Tender Amount, AT&T has accepted for purchase on a pro rata basis approximately 90% of the Maximum Tender Offer Notes validly tendered and not validly withdrawn listed in the table below at Acceptance Priority Level 7. AT&T has not accepted for purchase any of the Maximum Tender Offer Notes listed below at Acceptance Priority Levels 8 and 9. AT&T expects to make payment for the applicable Maximum Tender Offer Notes accepted for purchase in same-day funds on December 5, 2013. The Maximum Tender Offer Notes not accepted for purchase will be promptly credited to the account of the registered holder of such Maximum Tender Offer Notes with The Depository Trust Company or otherwise returned in accordance with the Tender Offer Documents.
Holders of Notes who validly tendered and did not validly withdraw their Maximum Tender Offer 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 full “Total Consideration” listed in the table below for the Maximum Tender Offer Notes accepted for purchase. Holders of Maximum Tender Offer Notes who validly tendered their Maximum Tender Offer Notes after the Early Tender Date but at or prior to the Maximum Tender Expiration Date are eligible to receive an amount equal to the “Tender Offer Consideration” listed in the table below for the Maximum Tender Offer Notes accepted for purchase.
|Up to the Maximum Payment Amount of the Outstanding Notes Listed Below|
|Title of Security||CUSIP Number||Principal Amount Outstanding||Acceptance Priority Level||Total Consideration (1)||Tender Offer Consideration (1)||Principal Amount Tendered at Expiration||Principal Amount Accepted for Purchase||Percentage of Outstanding Notes Purchased|
|5.20% Notes due 2016||079860AL6||$400,000,000||1||$1,121.63||$1,091.63||$101,558,000||$101,558,000||25.39%|
|5.625% Global Notes due 2016||78387GAL7||$1,250,000,000||2||$1,117.72||$1,087.72||$405,057,000||$405,057,000||32.40%|
|6.500% Global Notes due 2037||00206RAD4||$1,981,282,000||3||$1,103.69||$1,073.69||$827,077,000||$827,077,000||41.74%|
|6.300% Global Notes due 2038||00206RAG7||$2,750,000,000||4||$1,078.45||$1,048.45||$934,725,000||$934,725,000||33.99%|
|6.55% Global Notes due 2039||00206RAS1||$2,250,000,000||5||$1,113.26||$1,083.26||$812,731,000||$812,731,000||36.12%|
|6.450% Global Notes due 2034||78387GAM5||$491,219,000||6||$1,123.02||$1,093.02||$85,264,000||$85,264,000||17.36%|
|6.40% Global Notes due 2038||00206RAN2||$445,620,000||7||$1,099.12||$1,069.12||$131,851,000||$118,705,000||26.64%|
|6.150% Global Notes due 2034||78387GAQ6||$586,254,000||8||N/A (2)||N/A (2)||$93,912,000||$0||0%|
|7.125% Debentures due 2026||694032AT0||$625,000,000||9||N/A (2)||N/A (2)||$94,048,000||$0||0%|
|____________________(1) Per $1,000 principal amount of Maximum Tender Offer Notes.|
|(2) Total Consideration and Tender Offer Consideration omitted because AT&T did not purchase any Maximum Tender Offer Notes of this series.|
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