---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-288947"
form_type: "8-K"
ticker: "T"
cik: "0000732717"
company_name: "AT&T INC."
filed_at: "2022-11-18T23:59:59+00:00"
generated_at: "2026-06-21T16:13:22.594539+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# AT&T enters amended $12B revolving credit facility, replacing $7.5B prior facility

## Summary
- New $12.0B five-year revolving credit agreement signed Nov 18, 2022; matures Nov 18, 2027, with two 1-year extension options.
- Replaces prior $7.5B credit agreement (dated 2018) which was terminated; proceeds for general corporate purposes.
- Pricing based on public debt ratings: initial SOFR margin 1.045% (BBB+/Baa1/BBB+), facility fee 0.080%.
- Financial covenant requires net debt-to-EBITDA ratio ≤ 3.75x, tested quarterly; includes cross-acceleration trigger at $1B.
- Company may request increase of commitments up to $14B aggregate; existing ratings unchanged.

## SEC filing metadata
- accession: 0001193125-22-288947
- form_type: 8-K
- ticker: T
- cik: 0000732717
- company_name: AT&T INC.
- filed_at: 2022-11-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/732717/000119312522288947/0001193125-22-288947-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/732717/000119312522288947/d385545d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-288947
- JSON: https://secwatch.observer/filing/0001193125-22-288947.json
- Plain text: https://secwatch.observer/filing/0001193125-22-288947.txt

## Key facts
- Debt Financings
  AT&T INC. incurred revolving credit of $12.0 billion with Citibank, N.A. at Term SOFR plus 0.10% credit spread adjustment plus applicable margin maturing November 18, 2027.
  - Instrument: revolving credit
  - Principal: $12.0 billion
  - Counterparty: Citibank, N.A.
  - Rate: Term SOFR plus 0.10% credit spread adjustment plus applicable margin
  - Maturity: November 18, 2027
  - Event: incurrence
  source text: On November 18, 2022, AT&T Inc. (the “Company”) entered into a $12.0 billion Amended and Restated Credit Agreement (the “Revolving Credit Agreement”), with Citibank, N.A., as agent, amending and restating the Company’s existing $7.5 billion Amended and Restated Credit Agreement, dated as of November 17, 2020.
  evidence_url: https://www.sec.gov/Archives/edgar/data/732717/000119312522288947/0001193125-22-288947-index.htm
- Material Agreements
  AT&T INC. amended Amended and Restated Credit Agreement with Citibank, N.A., as agent valued at $12.0 billion (effective 2022-11-18).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Citibank, N.A., as agent
  - Value: $12.0 billion
  - Effective: 2022-11-18
  source text: On November 18, 2022, AT&T Inc. (the “Company”) entered into a $12.0 billion Amended and Restated Credit Agreement (the “Revolving Credit Agreement”), with Citibank, N.A., as agent, amending and restating the Company’s existing $7.5 billion Amended and Restated Credit Agreement, dated as of November 17, 2020.
  evidence_url: https://www.sec.gov/Archives/edgar/data/732717/000119312522288947/0001193125-22-288947-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.