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||PrincipalAmountOutstanding||AcceptancePriorityLevel||U.S. TreasuryReference Security||ReferenceYield||FixedSpread(BasisPoints)||TotalConsideration(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.|
Information Relating to the Maximum Tender OffersDeutsche Bank Securities Inc. and J.P. Morgan Securities LLC are the lead dealer managers for the Maximum Tender Offers. Holders with questions regarding the Maximum Tender Offers may contact Deutsche Bank Securities Inc. at (866) 627-0391 (toll-free) or (212) 250-2955 (collect) or J.P. Morgan Securities LLC at (866) 834-4666 (toll-free) or (212) 834-4811 (collect). Global Bondholder Services Corporation is the tender and information agent for the Maximum Tender Offers and can be contacted at (866) 873-7700 (toll-free) or (212) 430-3774 (collect). None of AT&T or its affiliates, their respective boards of directors, the dealer managers, the tender and information agent or the applicable trustee with respect to any Notes is making any recommendation as to whether holders should tender any Notes in response to any of the Maximum Tender Offers, and neither AT&T nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Notes, and, if so, the principal amount of Notes to tender. This press release is for informational purposes only and is not an offer to buy, or the solicitation of an offer to sell, any of the Notes. The full details of the Maximum Tender Offers for the Notes, including complete instructions on how to tender Notes, are included in the Tender Offer Documents. Holders are strongly encouraged to read carefully the Tender Offer Documents, including materials filed with the Securities and Exchange Commission and incorporated by reference therein, because they contain important information. Holders may obtain a copy of the Tender Offer Documents, free of charge, from Global Bondholder Services Corporation, the tender and information agent in connection with the Maximum Tender Offers, by calling toll-free at (866) 873-7700 (bankers and brokers can call collect at (212) 430-3774). Holders are urged to carefully read these materials prior to making any decisions with respect to the Maximum Tender Offers.
FORWARD-LOOKING STATEMENTSInformation set forth in this news release contains forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission and in the offering memorandum related to the Tender Offers. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.