AT&T Inc
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Communication Services : Diversified Telecommunication Services | Large Cap Value
Company profile

AT&T Inc. is a holding company. The Company is a provider of telecommunications, media and technology services globally. The Company operates through four segments: Communication segment, WarnerMedia segment, Latin America segment and Xandr segment. The Communications segment provides wireless and wireline telecom, video and broadband services to consumers.The business units of the Communication segment includes Mobility, Entertainment Group and Business Wireline. The WarnerMedia segment develops, produces and distributes feature films, television, gaming and other content over various physical and digital formats. The business units of the WarnerMedia segment includes Turner, Home Box Office and Warner Bros. Latin America segment provides entertainment services in Latin America and wireless services in Mexico. Viro and Mexico are the business units of the Latin America segment. The Xandr segment provides advertising services.

Price
Delayed
$29.54
Day's Change
-0.04 (-0.14%)
Bid
--
Ask
--
B/A Size
--
Day's High
29.98
Day's Low
29.41
Volume
(Average)

Today's volume of 23,392,441 shares is on pace to be in-line with T's 10-day average volume of 35,438,926 shares.

23,392,441

AT&T Inc. Announces Additional Early Repayment of Debt

5:13 pm ET June 24, 2020 (BusinessWire) Print

AT&T Inc. (NYSE: T) continues to proactively manage its capital structure and reduce upcoming maturity towers.

AT&T has issued notices for the redemption in full of all the outstanding principal amount of six series of bonds totaling approximately $4.3 billion and prepayment of term loans totaling $1.0 billion. The total principal of these prepayments is approximately $5.3 billion. When combined with recently announced repayment activity, and anticipated continued strong cash flow, the company's future near-term debt maturity towers are very manageable.

This series of transactions is consistent with AT&T's plans to continue improving its credit quality even as it remains committed to paying a dividend to its shareholders and investing in its growth areas -- fiber, 5G and HBO Max. For full-year 2020, AT&T expects its dividend payout of free cash flow ratio will be in the 60% range. This gives the company the flexibility to continue to reduce its debt levels during 2020.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200624005836/en/

SOURCE: AT&T Inc.

Fletcher Cook
AT&T Inc.
Phone: 214-912-8541
Email: fletcher.cook@att.com 

Daphne Avila
AT&T Inc.
Phone: (972) 266-3866
Email: daphne.avila@att.com
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