AT&T closes $5 billion notes offering with maturities through 2054

AT&T Inc. (NYSE:T) announced Wednesday it has closed the sale of $5 billion in aggregate principal amount of senior unsecured notes with maturities ranging from 2032 to 2054. The transaction includes $1.15 billion of 4.550% Global Notes due 2032, $1.25 billion of 4.900% Global Notes due 2035, $1.1 billion of 5.550% Global Notes due 2045, and $1.5 billion of 5.700% Global Notes due 2054.

According to a statement in a Securities and Exchange Commission filing, the notes were issued under an Indenture dated May 15, 2013, between AT&T and The Bank of New York Mellon Trust Company, N.A., as trustee. The offering was conducted through an Underwriting Agreement dated September 18, 2025, with BNP Paribas Securities Corp., BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Mizuho Securities USA LLC serving as representatives of the underwriters.

The notes have been registered under the Securities Act of 1933 pursuant to a previously filed registration statement on Form S-3, as supplemented by a prospectus supplement dated September 18, 2025.

AT&T stated that copies of the Underwriting Agreement, the forms of the notes, and the legal opinion as to the validity of the notes are filed as exhibits to the SEC report and incorporated by reference.

This information is based on a press release statement and details from the company’s filing with the Securities and Exchange Commission. The company, which has maintained dividend payments for 42 consecutive years and currently trades near its 52-week high of $29.79, continues to demonstrate strong market presence. Discover more detailed financial insights and 8 additional key ProTips with InvestingPro’s comprehensive analysis.

In other recent news, AT&T has reiterated its full-year 2025 financial guidance and announced plans for $20 billion in share repurchases between 2025 and 2027. The company remains on track with its previously announced financial targets, including growth in consolidated service revenue, adjusted EBITDA, and adjusted EPS. AT&T also maintained its outlook for free cash flow and capital investment. Meanwhile, Raymond James raised its price target for AT&T to $33, citing growth in wireless post-paid subscribers, earnings per share, and free cash flow as key factors. Bernstein analyst Laurent Yoon reiterated an Outperform rating on AT&T, with a price target of $32, noting ongoing industry promotions. In another development, Token Cat Limited has agreed to sell its subsidiaries for a nominal $1, pending shareholder approval. Additionally, Deutsche Bank increased its price target for Echostar to $102 following the company’s $17 billion spectrum sale to SpaceX.

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