secwatch.observer — SEC 8-K summary
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Issuer:     AT&T INC. (T)
CIK:        0000732717
Form:       8-K
Filed at:   2022-11-18T23:59:59+00:00
Accession:  0001193125-22-288947
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/732717/000119312522288947/0001193125-22-288947-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/732717/000119312522288947/d385545d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-288947

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