Simpson Thacher Represents Bank of America in AT&T’s Term Loan Credit Agreement
04.22.20
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Simpson Thacher represented Bank of America, N.A., as Agent, in connection with a $5.5 billion term loan credit agreement (the “Credit Facility”) for AT&T Inc. (“AT&T”).
The proceeds of the Credit Facility will be used for general corporate purposes. The Credit Facility is not subject to amortization and the entire principal amount of the term loan will be due and payable on December 31, 2020.
AT&T (NYSE: T) is a diversified, global leader in telecommunications, media and entertainment, and technology.
The Simpson Thacher team included Bill Sheehan and Dennis Durkin (Banking and Credit); and Sarah Katz (Tax).