AT&T is issuing €3 billion ($3.27 billion) in new debt, boosting its liquidity as the novel coronavirus pandemic continues to impact the company's businesses. In a prospectus, the telecom giant said it will use cash from the offering for general corporate purposes, including the potential to pay down existing debt.
https://www.hollywoodreporter.com/news/at-t-sells-327-billion-new-debt-offering-1295213
Wow Randall! Amazing job, simply amazing. As if your replacement wasn't being left with enough of a financial mess to deal with as it is. Amazing.
If you are not an executive, don't try to run the company. Randy doesn't come out and tell you how you connect your wires all wrong.
Big beautiful debt. Making AT&T great again.
They just roll old debt with high interest to new debt with low interest. I noticed they borrowed euro$, almost 0 interest, why not? Fed helps all high debts companies otherwise a lots will go broke.
Plus remember that they canceled $4B in stock buybacks in March too, so that was apparently saving $4B was not enough.
Like they say, “A billion here, a billion there, and pretty soon you're talking real money."
so, it is like 8 Billions in 3 months? this Does not make any sense.
It's unbelievable that they are taking on yet more debt, when they continue telling shareholders (as recently as last week) that paying down debt remains a top priority.
wow randy really getting creative on his way out. get more debt to pay down debt. the fed must really love him maybe he can be fed chairman someday.
this doesn't pass the sniff test folks. first they steal pension from employees taking the buyout then they are going lay thousands more along with selling employees like cattle and now this. all the while the dividend is just fine and the launch of hbo max, mini, now or whatever it is called will be a huge success. what is going on with the books at att.
Clueless T Bottom line= -27%
The market has brutalized the stock of late. AT&T shares now stand nearly 27% below where they were priced just at the end of 2019. That selling suggests the company's bottom line is in serious trouble.
Corporations that plan ahead, are debt conscientious, social responsible, and have strong balance sheets will do well over time.
didn't he said last week that AT&T is very comofortable paying the dividend as the company has a ton of cash? now he warns of ‘downward proclivity’, in sales, & network spending?
RUN...LOL