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AT&T Inc., 7.00% PINES Public Income Notes due 6/01/2041
Ticker Symbol: SBT* CUSIP: 00206R201 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/06/2007
Security has been Called for: Friday, July 6, 2007
From the Form 8-K filed with the SEC on 6/5/2007 -- On June 1, 2007, the registrant AT&T Inc. provided irrevocable notice to the Bank of New York, as trustee, that the Company will redeem all of its outstanding $500 million principal amount 7.00% Public Income Notes due June 1, 2041, in accordance with the terms of its Indenture dated as of November 1, 1994 with the Trustee. The redemption date will be July 6, 2007. AT&T intends to fund the redemption of this debt issuance primarily by issuing commercial paper and also with funds from operations. The Company expects the aggregate cash payment to be approximately $503 million, including accrued interest. The Company expects the redemption to result in a pre-tax charge of approximately $13 million to AT&T’s third-quarter 2007 financial results, representing the unamortized discounts and debt issuance costs.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: AT&T Inc., formerly SBC Communications, Inc., 7.00% Public Income Notes (PINES) due 2041, issued in $25 denominations, redeemable at the issuer's option on or after 6/13/2006 at $25 per share plus accrued and unpaid interest, maturing 6/01/2041, distributions are paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the 15th day of the month preceding the payment date. The PINES are general unsecured, unsubordinated obligations of the Company and will rank equally with all other unsecured and unsubordinated indebtedness of the Company. The PINES are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. See the IPO prospectus for further information on the PINES by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (T)
IPO - 6/8/2001 - 20.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Previous Name: SBC Communications, Inc., 7.00% PINES Public Income Notes Changed: 11/30/2005
Market Value $512.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 175 East Houston, San Antonio, TX 78205 |
| Main Phone Number |
210-821-4105 |
| Fax Number |
210-351-2071 |
| Investor Relations
Dru Cessac
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210-351-2058
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| Toll Free Phone Number |
800-351-7221 |
| CEO - Edward E. Whitacre Jr. |
CFO - Richard G. Lindner |
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