Simpson Thacher represented Bank of America, N.A., as Agent, in connection with a $14.7 billion term loan credit agreement (the “Credit Facility”) for AT&T Inc. (“AT&T”).
The Credit Facility is available for a single draw at any time before May 29, 2021. The proceeds of the Credit Facility will be used for general corporate purposes of AT&T and its subsidiaries, which may include, among other things, financing acquisitions of additional spectrum.
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 Jonathan Goldstein and Eli Shalam (Tax).