AT&T bond sale raises $17.5B for DirecTV acquisition

AT&T (NYSE: T) announced Thursday the completion of the third largest corporate bond sale ever, $17.5 billion, to help pay for its $49 billion purchase of DirecTV (NASDAQ: DTV).

"The response was incredibly strong, perhaps even stronger than we had anticipated," said Andrew Karp, co-head of Bank of America Merrill Lynch's Americas investment-grade capital markets, which joined J.P. Morgan and Morgan Stanley in coordinating the deal.  FierceTelecom has a complete look at AT&T's big financial move right here.

Suggested Articles

“The Office” reaction GIFs flooded Twitter after news broke that NBCUniversal was taking back “The Office” from Netflix and putting it on its own streaming…

Everyone from content creators to distributors to service providers clearly has a moral issue with video piracy. New financial stats show the massive size of…

Netflix’s widespread appeal is due in part to the service not featuring the kind of advertising that’s so prevalent on broadcast, cable and ad-supported video…