Firm Represents Lead Arrangers in $40 Billion Financing for AT&T’s Acquisition of Time Warner
10.24.16
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Simpson Thacher is representing JPMorgan Chase Bank, N.A. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as Joint Lead Arrangers and Joint Bookrunners, in connection with a committed $40 billion bridge term loan facility for AT&T Inc. (NYSE: T) to finance its announced acquisition of Time Warner Inc. (NYSE: TWX). The transaction is expected to close before year-end 2017 and is subject to customary closing conditions.
AT&T Inc. helps millions around the globe connect with leading entertainment, mobile, high-speed Internet and voice services. Time Warner Inc. is a global leader in media and entertainment with a great portfolio of content creation and aggregation, and iconic brands across video programming and TV/film production.
The Simpson Thacher team includes William Sheehan, Stephanie Rotter and Alexander Lebow (Banking & Credit); Edward Chung (M&A); Jodi Schneider (Tax); and Paul Koppel and Alina Grinman (Executive Compensation and Employee Benefits).