---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-094975"
form_type: "8-K"
ticker: "T"
cik: "0000732717"
company_name: "AT&T INC."
filed_at: "2023-04-07T23:59:59+00:00"
generated_at: "2026-06-17T04:48:25.558061+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AT&T sells $4.25B fiber asset interests, repurchases $5.4B preferred interests

## Summary
- Sold Class A-2 limited membership interests in AT&T Fiber Investment for $4.25B via private placement to MUFG, Mizuho, Sumitomo Mitsui, Commerzbank.
- Interests bear cumulative quarterly distributions at 6.85% per annum, reset every 7 years starting Nov 2027; optional redemption after Sept 2027.
- Proceeds used to repurchase 212.7M Series A perpetual preferred interests in AT&T Mobility II for ~$5.4B under put option agreement with JPMorgan.
- Transaction expands prior 2020 $2B sale of Class A-1 interests; net effect reduces preferred equity via fiber asset securitization.
- AT&T expects no impact on fiber asset operations; Class A interests have mandatory remarketing provisions and liquidation triggers.

## SEC filing metadata
- accession: 0001193125-23-094975
- form_type: 8-K
- ticker: T
- cik: 0000732717
- company_name: AT&T INC.
- filed_at: 2023-04-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/732717/000119312523094975/0001193125-23-094975-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/732717/000119312523094975/d211285d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-094975
- JSON: https://secwatch.observer/filing/0001193125-23-094975.json
- Plain text: https://secwatch.observer/filing/0001193125-23-094975.txt

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