{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-262515","form_type":"8-K","ticker":"T","cik":"0000732717","company_name":"AT&T INC.","filed_at":"2025-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.050739+00:00","generated_at":"2026-05-17T00:59:46.805468+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"AT&T enters $12B revolver and $17.5B term loan; funds may finance spectrum","bullets":["New $12B revolver due Nov 2030, replaces 2022 facility; margin at 0.92% based on current BBB/Baa2/BBB+ ratings.","$17.5B delayed draw term loan includes $6B 364-day and $11.5B two-year tranches; draw available until Nov 2026.","Proceeds for general corporate purposes, including potential spectrum acquisitions.","Net debt-to-EBITDA covenant set at 3.75x; applies from Q1 2026.","Facility fees on revolver at 0.08% of commitments; commitment fee on term loan starts March 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-262515","json":"https://secwatch.observer/filing/0001193125-25-262515.json","markdown":"https://secwatch.observer/filing/0001193125-25-262515.md","text":"https://secwatch.observer/filing/0001193125-25-262515.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/732717/000119312525262515/0001193125-25-262515-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/732717/000119312525262515/d935272d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:59:46.805468+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2f4d50235a53c3b5c1ff18c09b593b441ba27cf4","claim":"AT&T INC. incurred term loan of $17.5 billion with Bank of America, N.A., as agent.","evidence_excerpt":"(ii) a $17.5 billion Delayed Draw Term Loan Credit Agreement (the \"Term Loan\"), with Bank of America, N.A., as agent.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/732717/000119312525262515/0001193125-25-262515-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$17.5 billion"},{"label":"Counterparty","value":"Bank of America, N.A., as agent"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"984296c3b6ae17efc6851c030ac12ad503536e0c","claim":"AT&T INC. incurred credit facility of $12.0 billion with Citibank, N.A., as agent at Term SOFR plus Applicable Margin for Benchmark Rate Advances maturing November 3, 2030.","evidence_excerpt":"On November 3, 2025, AT&T Inc. (the \"Company\") entered into (i) a $12.0 billion Second Amended and Restated Credit Agreement (the \"Revolving Credit Agreement\"), with Citibank, N.A., as agent, amending and restating the Company's existing $12.0 billion Amended and Restated Credit Agreement, dated as of November 17, 2022","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/732717/000119312525262515/0001193125-25-262515-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$12.0 billion"},{"label":"Counterparty","value":"Citibank, N.A., as agent"},{"label":"Rate","value":"Term SOFR plus Applicable Margin for Benchmark Rate Advances"},{"label":"Maturity","value":"November 3, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}