AT&T Inc. Announces Issuance of Series B and Series C Preferred Shares
February 18 2020 - 04:00PM
Business Wire
As described on the earnings
call on January 29, 2020, AT&T (NYSE: T) (“AT&T”) continues
to add preferred equity to its capital structure, providing
investors another alternative to invest in AT&T. AT&T
announced today the issuance of €2,000,000,000 aggregate
liquidation preference of its Fixed Rate Reset Perpetual Preferred
Securities, Series B (20,000 shares, €100,000 liquidation
preference per Preferred Security). AT&T also announced the
issuance of $1,750,000,000 aggregate liquidation preference of its
4.750% Perpetual Preferred Stock, Series C (70,000,000 depositary
shares, with a liquidation preference equivalent to $25.00 per
depositary share). Proceeds from the issuances will be used for
general corporate purposes.
This press release is neither an offer to sell, nor a
solicitation of an offer to buy, preferred securities or any other
securities, and shall not constitute an offer to sell, or a
solicitation of an offer to buy, or a sale of, preferred
securities, or any other securities, in any jurisdiction in which
such offer, solicitation or sale is unlawful. The offering was made
pursuant to an effective shelf registration statement filed with
the Securities and Exchange Commission.
CAUTIONARY LANGUAGE CONCERNING FORWARD-LOOKING STATEMENTS
Information 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 the prospectus and preliminary prospectus supplement related to
the Offering. AT&T disclaims any obligation to update or revise
statements contained in this news release based on new information
or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20200218006021/en/
Name: McCall Butler AT&T Corporate and Financial
Communications Phone: 470-773-5704 Email: mb8191@att.com
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