AT&T Inc. on Feb. 27 reported the final results of exchange offers for five series of notes.
The company commences the offers to exchange any and all of the outstanding notes, which have a special mandatory redemption provision, in exchange for five new series of AT&T's senior notes which do not have an SMR provision and cash.
The exchange offers expired at 5 p.m. ET on Feb. 22.
In connection with the settlement of the exchange offers, AT&T delivered about €878.5 million of floating rate global notes due 2023; about €450.3 million of 1.050% global notes due 2023; about €1.49 billion of 1.800% global notes due 2026; and about €1.26 billion of 2.350% global notes due 2029, in each case for the respective series of old notes validly tendered and accepted by AT&T, plus a cash fee of €2.50 per €1,000 principal amount of old notes validly tendered and accepted by AT&T, the company said.
The amount of outstanding old notes validly tendered and not validly withdrawn as of Feb. 22, satisfied the minimum condition in each of the exchange offers, except with respect to the 3.550% global notes due 2037.