AT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans

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AT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans

Bloomberg2021-05-19

(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the ...

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LuckyMe88888
·2021-05-19
Please like the comment, thank u!
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- rongshao:
  GrEat
  2021-05-19
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LuckyMe88888
·2021-05-19
Please like the comment, ☺️ thank u
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KinKat
·2021-05-19
So much debts! The outcome of an almost zero interest rate environment
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Phantom121
·2021-05-19
Pls like and comment
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- HH浩:
  Reciprocate
  2021-05-19
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- KinKat:
  done
  2021-05-19
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Racheltestin
·2021-05-19
Like and comment pls thank you
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- KinKat:
  done
  2021-05-19
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- HH浩:
  Reciprocate
  2021-05-19
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sunnylimbs
·2021-05-19
Sure
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- Ddsl:
  Yeah
  2021-05-19
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melonlike
·2021-05-19
Nice
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TW1
·2021-05-19
Like and comment
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- HH浩:
  Reciprocate
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- lizzy04:
  yes
  2021-05-19
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The debt will replace the $41.5 billion in financing commitments already received from Goldman Sachs Group Inc. and JPMorgan Chase &amp; Co., the largest bridge this year. The loans are being marketed to other banks that will join the transaction.</p><p>The new company, whose name will be announced this week, has split the term loan into a $3 billion 18-month tranche and a $7 billion three-year portion, said the people, who asked not to be identified discussing a private transaction. The company is also syndicating a $6 billion five-year revolving credit facility, they added.</p><p>Representatives for JPMorgan, which is leading the bridge loan and term loan portion, and Goldman Sachs declined to comment. Representatives for AT&amp;T didn’t immediately respond to requests for comment.</p><p>AT&amp;T’s decision to spin off its media business marks a major shift in its strategy after years of working to assemble telecommunications and media assets under <a href=\"https://laohu8.com/S/AONE\">one</a> roof. The company will reduce net debt by $43 billion through the transaction, putting it on track to drop behind rival Verizon Communications Inc. in the rankings of the most indebted non-financial companies globally, according to data compiled by Bloomberg.</p><p>Pricing on the bridge loan consists of a 17.5 basis point ticking fee, a fee of 137.5 basis points over the London interbank offered rate if drawn, and a duration fee of 50, 75, and then 100 basis points every 90 days the loan is outstanding, the people said.</p><p>The 18-month term loan has an upfront fee of 5.25 basis points and a drawn margin of 125 basis points over Libor, while the three-year tranche has an upfront fee of 10.5 basis points and a drawn margin of 137.5 basis points over Libor.</p><p>The revolver has a 17.5 basis point commitment fee and a 137.5 basis points over Libor drawn margin.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-19 06:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T":"美国电话电报"},"source_url":"https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2136045994","content_text":"(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the transaction, according to people with knowledge of the matter.The facilities include a $31.5 billion 364-day bridge loan, which is expected to be refinanced with longer-term bonds prior to maturity, and a $10 billion term loan in two tranches, the people said. The debt will replace the $41.5 billion in financing commitments already received from Goldman Sachs Group Inc. and JPMorgan Chase & Co., the largest bridge this year. The loans are being marketed to other banks that will join the transaction.The new company, whose name will be announced this week, has split the term loan into a $3 billion 18-month tranche and a $7 billion three-year portion, said the people, who asked not to be identified discussing a private transaction. The company is also syndicating a $6 billion five-year revolving credit facility, they added.Representatives for JPMorgan, which is leading the bridge loan and term loan portion, and Goldman Sachs declined to comment. Representatives for AT&T didn’t immediately respond to requests for comment.AT&T’s decision to spin off its media business marks a major shift in its strategy after years of working to assemble telecommunications and media assets under one roof. The company will reduce net debt by $43 billion through the transaction, putting it on track to drop behind rival Verizon Communications Inc. in the rankings of the most indebted non-financial companies globally, according to data compiled by Bloomberg.Pricing on the bridge loan consists of a 17.5 basis point ticking fee, a fee of 137.5 basis points over the London interbank offered rate if drawn, and a duration fee of 50, 75, and then 100 basis points every 90 days the loan is outstanding, the people said.The 18-month term loan has an upfront fee of 5.25 basis points and a drawn margin of 125 basis points over Libor, while the three-year tranche has an upfront fee of 10.5 basis points and a drawn margin of 137.5 basis points over Libor.The revolver has a 17.5 basis point commitment fee and a 137.5 basis points over Libor drawn margin.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4373696,"gmtCreate":1621389354986,"gmtModify":1680789616661,"authorId":3555504670970232,"author":{"id":3555504670970232,"idStr":"3555504670970232","authorId":3555504670970232,"name":"rongshao","avatar":"https://static.itradeup.com/news/7ab79a8718e65a20379abe0f8e66cd1f","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194217590,"type":1,"supId":0,"prevId":0,"content":"GrEat","text":"GrEat","html":"GrEat"}],"langContent":"EN"},{"id":194217196,"gmtCreate":1621382530615,"gmtModify":1704356620844,"author":{"id":"3583578016225771","authorId":"3583578016225771","name":"LuckyMe88888","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3583578016225771","authorIdStr":"3583578016225771"},"htmlText":"Please like the comment, ☺️ thank u","listText":"Please like the comment, ☺️ thank u","text":"Please like the comment, ☺️ thank u","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194217196","repostId":2136045994,"repostType":4,"repost":{"id":"2136045994","kind":"news","pubTimestamp":1621377021,"share":"https://ttm.financial/m/news/2136045994?lang=&edition=fundamental","pubTime":"2021-05-19 06:30","market":"us","language":"en","title":"AT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans","url":"https://stock-news.laohu8.com/highlight/detail?id=2136045994","media":"Bloomberg","summary":"(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division wit","content":"<p>(Bloomberg) -- The new entity that will house the merged AT&amp;T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the transaction, according to people with knowledge of the matter.</p><p>The facilities include a $31.5 billion 364-day bridge loan, which is expected to be refinanced with longer-term bonds prior to maturity, and a $10 billion term loan in two tranches, the people said. The debt will replace the $41.5 billion in financing commitments already received from Goldman Sachs Group Inc. and JPMorgan Chase &amp; Co., the largest bridge this year. The loans are being marketed to other banks that will join the transaction.</p><p>The new company, whose name will be announced this week, has split the term loan into a $3 billion 18-month tranche and a $7 billion three-year portion, said the people, who asked not to be identified discussing a private transaction. The company is also syndicating a $6 billion five-year revolving credit facility, they added.</p><p>Representatives for JPMorgan, which is leading the bridge loan and term loan portion, and Goldman Sachs declined to comment. Representatives for AT&amp;T didn’t immediately respond to requests for comment.</p><p>AT&amp;T’s decision to spin off its media business marks a major shift in its strategy after years of working to assemble telecommunications and media assets under <a href=\"https://laohu8.com/S/AONE\">one</a> roof. The company will reduce net debt by $43 billion through the transaction, putting it on track to drop behind rival Verizon Communications Inc. in the rankings of the most indebted non-financial companies globally, according to data compiled by Bloomberg.</p><p>Pricing on the bridge loan consists of a 17.5 basis point ticking fee, a fee of 137.5 basis points over the London interbank offered rate if drawn, and a duration fee of 50, 75, and then 100 basis points every 90 days the loan is outstanding, the people said.</p><p>The 18-month term loan has an upfront fee of 5.25 basis points and a drawn margin of 125 basis points over Libor, while the three-year tranche has an upfront fee of 10.5 basis points and a drawn margin of 137.5 basis points over Libor.</p><p>The revolver has a 17.5 basis point commitment fee and a 137.5 basis points over Libor drawn margin.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-19 06:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T":"美国电话电报"},"source_url":"https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2136045994","content_text":"(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the transaction, according to people with knowledge of the matter.The facilities include a $31.5 billion 364-day bridge loan, which is expected to be refinanced with longer-term bonds prior to maturity, and a $10 billion term loan in two tranches, the people said. The debt will replace the $41.5 billion in financing commitments already received from Goldman Sachs Group Inc. and JPMorgan Chase & Co., the largest bridge this year. The loans are being marketed to other banks that will join the transaction.The new company, whose name will be announced this week, has split the term loan into a $3 billion 18-month tranche and a $7 billion three-year portion, said the people, who asked not to be identified discussing a private transaction. The company is also syndicating a $6 billion five-year revolving credit facility, they added.Representatives for JPMorgan, which is leading the bridge loan and term loan portion, and Goldman Sachs declined to comment. Representatives for AT&T didn’t immediately respond to requests for comment.AT&T’s decision to spin off its media business marks a major shift in its strategy after years of working to assemble telecommunications and media assets under one roof. The company will reduce net debt by $43 billion through the transaction, putting it on track to drop behind rival Verizon Communications Inc. in the rankings of the most indebted non-financial companies globally, according to data compiled by Bloomberg.Pricing on the bridge loan consists of a 17.5 basis point ticking fee, a fee of 137.5 basis points over the London interbank offered rate if drawn, and a duration fee of 50, 75, and then 100 basis points every 90 days the loan is outstanding, the people said.The 18-month term loan has an upfront fee of 5.25 basis points and a drawn margin of 125 basis points over Libor, while the three-year tranche has an upfront fee of 10.5 basis points and a drawn margin of 137.5 basis points over Libor.The revolver has a 17.5 basis point commitment fee and a 137.5 basis points over Libor drawn margin.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":194215371,"gmtCreate":1621382433793,"gmtModify":1704356618371,"author":{"id":"3577917165320806","authorId":"3577917165320806","name":"KinKat","avatar":"https://community-static.tradeup.com/news/303a11363633244c53e6b67003899c74","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3577917165320806","authorIdStr":"3577917165320806"},"htmlText":"So much debts! The outcome of an almost zero interest rate environment","listText":"So much debts! The outcome of an almost zero interest rate environment","text":"So much debts! The outcome of an almost zero interest rate environment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194215371","repostId":2136045994,"repostType":4,"repost":{"id":"2136045994","kind":"news","pubTimestamp":1621377021,"share":"https://ttm.financial/m/news/2136045994?lang=&edition=fundamental","pubTime":"2021-05-19 06:30","market":"us","language":"en","title":"AT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans","url":"https://stock-news.laohu8.com/highlight/detail?id=2136045994","media":"Bloomberg","summary":"(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division wit","content":"<p>(Bloomberg) -- The new entity that will house the merged AT&amp;T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the transaction, according to people with knowledge of the matter.</p><p>The facilities include a $31.5 billion 364-day bridge loan, which is expected to be refinanced with longer-term bonds prior to maturity, and a $10 billion term loan in two tranches, the people said. The debt will replace the $41.5 billion in financing commitments already received from Goldman Sachs Group Inc. and JPMorgan Chase &amp; Co., the largest bridge this year. The loans are being marketed to other banks that will join the transaction.</p><p>The new company, whose name will be announced this week, has split the term loan into a $3 billion 18-month tranche and a $7 billion three-year portion, said the people, who asked not to be identified discussing a private transaction. The company is also syndicating a $6 billion five-year revolving credit facility, they added.</p><p>Representatives for JPMorgan, which is leading the bridge loan and term loan portion, and Goldman Sachs declined to comment. Representatives for AT&amp;T didn’t immediately respond to requests for comment.</p><p>AT&amp;T’s decision to spin off its media business marks a major shift in its strategy after years of working to assemble telecommunications and media assets under <a href=\"https://laohu8.com/S/AONE\">one</a> roof. The company will reduce net debt by $43 billion through the transaction, putting it on track to drop behind rival Verizon Communications Inc. in the rankings of the most indebted non-financial companies globally, according to data compiled by Bloomberg.</p><p>Pricing on the bridge loan consists of a 17.5 basis point ticking fee, a fee of 137.5 basis points over the London interbank offered rate if drawn, and a duration fee of 50, 75, and then 100 basis points every 90 days the loan is outstanding, the people said.</p><p>The 18-month term loan has an upfront fee of 5.25 basis points and a drawn margin of 125 basis points over Libor, while the three-year tranche has an upfront fee of 10.5 basis points and a drawn margin of 137.5 basis points over Libor.</p><p>The revolver has a 17.5 basis point commitment fee and a 137.5 basis points over Libor drawn margin.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-19 06:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T":"美国电话电报"},"source_url":"https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2136045994","content_text":"(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the transaction, according to people with knowledge of the matter.The facilities include a $31.5 billion 364-day bridge loan, which is expected to be refinanced with longer-term bonds prior to maturity, and a $10 billion term loan in two tranches, the people said. The debt will replace the $41.5 billion in financing commitments already received from Goldman Sachs Group Inc. and JPMorgan Chase & Co., the largest bridge this year. The loans are being marketed to other banks that will join the transaction.The new company, whose name will be announced this week, has split the term loan into a $3 billion 18-month tranche and a $7 billion three-year portion, said the people, who asked not to be identified discussing a private transaction. The company is also syndicating a $6 billion five-year revolving credit facility, they added.Representatives for JPMorgan, which is leading the bridge loan and term loan portion, and Goldman Sachs declined to comment. Representatives for AT&T didn’t immediately respond to requests for comment.AT&T’s decision to spin off its media business marks a major shift in its strategy after years of working to assemble telecommunications and media assets under one roof. The company will reduce net debt by $43 billion through the transaction, putting it on track to drop behind rival Verizon Communications Inc. in the rankings of the most indebted non-financial companies globally, according to data compiled by Bloomberg.Pricing on the bridge loan consists of a 17.5 basis point ticking fee, a fee of 137.5 basis points over the London interbank offered rate if drawn, and a duration fee of 50, 75, and then 100 basis points every 90 days the loan is outstanding, the people said.The 18-month term loan has an upfront fee of 5.25 basis points and a drawn margin of 125 basis points over Libor, while the three-year tranche has an upfront fee of 10.5 basis points and a drawn margin of 137.5 basis points over Libor.The revolver has a 17.5 basis point commitment fee and a 137.5 basis points over Libor drawn margin.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":194212158,"gmtCreate":1621382350674,"gmtModify":1704356617221,"author":{"id":"3560474608445356","authorId":"3560474608445356","name":"Phantom121","avatar":"https://community-static.tradeup.com/news/e8c486af0a68427c4203e2d36d27c057","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3560474608445356","authorIdStr":"3560474608445356"},"htmlText":"Pls like and comment","listText":"Pls like and comment","text":"Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/194212158","repostId":2136045994,"repostType":4,"repost":{"id":"2136045994","kind":"news","pubTimestamp":1621377021,"share":"https://ttm.financial/m/news/2136045994?lang=&edition=fundamental","pubTime":"2021-05-19 06:30","market":"us","language":"en","title":"AT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans","url":"https://stock-news.laohu8.com/highlight/detail?id=2136045994","media":"Bloomberg","summary":"(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division wit","content":"<p>(Bloomberg) -- The new entity that will house the merged AT&amp;T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the transaction, according to people with knowledge of the matter.</p><p>The facilities include a $31.5 billion 364-day bridge loan, which is expected to be refinanced with longer-term bonds prior to maturity, and a $10 billion term loan in two tranches, the people said. The debt will replace the $41.5 billion in financing commitments already received from Goldman Sachs Group Inc. and JPMorgan Chase &amp; Co., the largest bridge this year. The loans are being marketed to other banks that will join the transaction.</p><p>The new company, whose name will be announced this week, has split the term loan into a $3 billion 18-month tranche and a $7 billion three-year portion, said the people, who asked not to be identified discussing a private transaction. The company is also syndicating a $6 billion five-year revolving credit facility, they added.</p><p>Representatives for JPMorgan, which is leading the bridge loan and term loan portion, and Goldman Sachs declined to comment. Representatives for AT&amp;T didn’t immediately respond to requests for comment.</p><p>AT&amp;T’s decision to spin off its media business marks a major shift in its strategy after years of working to assemble telecommunications and media assets under <a href=\"https://laohu8.com/S/AONE\">one</a> roof. The company will reduce net debt by $43 billion through the transaction, putting it on track to drop behind rival Verizon Communications Inc. in the rankings of the most indebted non-financial companies globally, according to data compiled by Bloomberg.</p><p>Pricing on the bridge loan consists of a 17.5 basis point ticking fee, a fee of 137.5 basis points over the London interbank offered rate if drawn, and a duration fee of 50, 75, and then 100 basis points every 90 days the loan is outstanding, the people said.</p><p>The 18-month term loan has an upfront fee of 5.25 basis points and a drawn margin of 125 basis points over Libor, while the three-year tranche has an upfront fee of 10.5 basis points and a drawn margin of 137.5 basis points over Libor.</p><p>The revolver has a 17.5 basis point commitment fee and a 137.5 basis points over Libor drawn margin.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-19 06:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T":"美国电话电报"},"source_url":"https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2136045994","content_text":"(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the transaction, according to people with knowledge of the matter.The facilities include a $31.5 billion 364-day bridge loan, which is expected to be refinanced with longer-term bonds prior to maturity, and a $10 billion term loan in two tranches, the people said. The debt will replace the $41.5 billion in financing commitments already received from Goldman Sachs Group Inc. and JPMorgan Chase & Co., the largest bridge this year. The loans are being marketed to other banks that will join the transaction.The new company, whose name will be announced this week, has split the term loan into a $3 billion 18-month tranche and a $7 billion three-year portion, said the people, who asked not to be identified discussing a private transaction. The company is also syndicating a $6 billion five-year revolving credit facility, they added.Representatives for JPMorgan, which is leading the bridge loan and term loan portion, and Goldman Sachs declined to comment. Representatives for AT&T didn’t immediately respond to requests for comment.AT&T’s decision to spin off its media business marks a major shift in its strategy after years of working to assemble telecommunications and media assets under one roof. The company will reduce net debt by $43 billion through the transaction, putting it on track to drop behind rival Verizon Communications Inc. in the rankings of the most indebted non-financial companies globally, according to data compiled by Bloomberg.Pricing on the bridge loan consists of a 17.5 basis point ticking fee, a fee of 137.5 basis points over the London interbank offered rate if drawn, and a duration fee of 50, 75, and then 100 basis points every 90 days the loan is outstanding, the people said.The 18-month term loan has an upfront fee of 5.25 basis points and a drawn margin of 125 basis points over Libor, while the three-year tranche has an upfront fee of 10.5 basis points and a drawn margin of 137.5 basis points over Libor.The revolver has a 17.5 basis point commitment fee and a 137.5 basis points over Libor drawn margin.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4371711,"gmtCreate":1621382718404,"gmtModify":1680789580347,"authorId":3582015516749888,"author":{"id":3582015516749888,"idStr":"3582015516749888","authorId":3582015516749888,"name":"HH浩","avatar":"https://static.tigerbbs.com/2639351c97027c6f71c4d9729ef216d8","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194212158,"type":1,"supId":0,"prevId":0,"content":"Reciprocate","text":"Reciprocate","html":"Reciprocate"},{"id":4371630,"gmtCreate":1621382441663,"gmtModify":1680789578688,"authorId":3577917165320806,"author":{"id":3577917165320806,"idStr":"3577917165320806","authorId":3577917165320806,"name":"KinKat","avatar":"https://community-static.tradeup.com/news/303a11363633244c53e6b67003899c74","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194212158,"type":1,"supId":0,"prevId":0,"content":"done","text":"done","html":"done"}],"langContent":"EN"},{"id":194210518,"gmtCreate":1621382065534,"gmtModify":1704356609664,"author":{"id":"3570069153864313","authorId":"3570069153864313","name":"Racheltestin","avatar":"https://static.tigerbbs.com/83746feea9af3c17ae42ff00d7ca9254","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3570069153864313","authorIdStr":"3570069153864313"},"htmlText":"Like and comment pls thank you&nbsp;","listText":"Like and comment pls thank you&nbsp;","text":"Like and comment pls thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/194210518","repostId":2136045994,"repostType":4,"repost":{"id":"2136045994","kind":"news","pubTimestamp":1621377021,"share":"https://ttm.financial/m/news/2136045994?lang=&edition=fundamental","pubTime":"2021-05-19 06:30","market":"us","language":"en","title":"AT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans","url":"https://stock-news.laohu8.com/highlight/detail?id=2136045994","media":"Bloomberg","summary":"(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division wit","content":"<p>(Bloomberg) -- The new entity that will house the merged AT&amp;T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the transaction, according to people with knowledge of the matter.</p><p>The facilities include a $31.5 billion 364-day bridge loan, which is expected to be refinanced with longer-term bonds prior to maturity, and a $10 billion term loan in two tranches, the people said. The debt will replace the $41.5 billion in financing commitments already received from Goldman Sachs Group Inc. and JPMorgan Chase &amp; Co., the largest bridge this year. The loans are being marketed to other banks that will join the transaction.</p><p>The new company, whose name will be announced this week, has split the term loan into a $3 billion 18-month tranche and a $7 billion three-year portion, said the people, who asked not to be identified discussing a private transaction. The company is also syndicating a $6 billion five-year revolving credit facility, they added.</p><p>Representatives for JPMorgan, which is leading the bridge loan and term loan portion, and Goldman Sachs declined to comment. Representatives for AT&amp;T didn’t immediately respond to requests for comment.</p><p>AT&amp;T’s decision to spin off its media business marks a major shift in its strategy after years of working to assemble telecommunications and media assets under <a href=\"https://laohu8.com/S/AONE\">one</a> roof. The company will reduce net debt by $43 billion through the transaction, putting it on track to drop behind rival Verizon Communications Inc. in the rankings of the most indebted non-financial companies globally, according to data compiled by Bloomberg.</p><p>Pricing on the bridge loan consists of a 17.5 basis point ticking fee, a fee of 137.5 basis points over the London interbank offered rate if drawn, and a duration fee of 50, 75, and then 100 basis points every 90 days the loan is outstanding, the people said.</p><p>The 18-month term loan has an upfront fee of 5.25 basis points and a drawn margin of 125 basis points over Libor, while the three-year tranche has an upfront fee of 10.5 basis points and a drawn margin of 137.5 basis points over Libor.</p><p>The revolver has a 17.5 basis point commitment fee and a 137.5 basis points over Libor drawn margin.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-19 06:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T":"美国电话电报"},"source_url":"https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2136045994","content_text":"(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the transaction, according to people with knowledge of the matter.The facilities include a $31.5 billion 364-day bridge loan, which is expected to be refinanced with longer-term bonds prior to maturity, and a $10 billion term loan in two tranches, the people said. The debt will replace the $41.5 billion in financing commitments already received from Goldman Sachs Group Inc. and JPMorgan Chase & Co., the largest bridge this year. The loans are being marketed to other banks that will join the transaction.The new company, whose name will be announced this week, has split the term loan into a $3 billion 18-month tranche and a $7 billion three-year portion, said the people, who asked not to be identified discussing a private transaction. The company is also syndicating a $6 billion five-year revolving credit facility, they added.Representatives for JPMorgan, which is leading the bridge loan and term loan portion, and Goldman Sachs declined to comment. Representatives for AT&T didn’t immediately respond to requests for comment.AT&T’s decision to spin off its media business marks a major shift in its strategy after years of working to assemble telecommunications and media assets under one roof. The company will reduce net debt by $43 billion through the transaction, putting it on track to drop behind rival Verizon Communications Inc. in the rankings of the most indebted non-financial companies globally, according to data compiled by Bloomberg.Pricing on the bridge loan consists of a 17.5 basis point ticking fee, a fee of 137.5 basis points over the London interbank offered rate if drawn, and a duration fee of 50, 75, and then 100 basis points every 90 days the loan is outstanding, the people said.The 18-month term loan has an upfront fee of 5.25 basis points and a drawn margin of 125 basis points over Libor, while the three-year tranche has an upfront fee of 10.5 basis points and a drawn margin of 137.5 basis points over Libor.The revolver has a 17.5 basis point commitment fee and a 137.5 basis points over Libor drawn margin.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4371639,"gmtCreate":1621382462281,"gmtModify":1680789578766,"authorId":3577917165320806,"author":{"id":3577917165320806,"idStr":"3577917165320806","authorId":3577917165320806,"name":"KinKat","avatar":"https://community-static.tradeup.com/news/303a11363633244c53e6b67003899c74","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194210518,"type":1,"supId":0,"prevId":0,"content":"done","text":"done","html":"done"},{"id":4371714,"gmtCreate":1621382724823,"gmtModify":1680789577579,"authorId":3582015516749888,"author":{"id":3582015516749888,"idStr":"3582015516749888","authorId":3582015516749888,"name":"HH浩","avatar":"https://static.tigerbbs.com/2639351c97027c6f71c4d9729ef216d8","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194210518,"type":1,"supId":0,"prevId":0,"content":"Reciprocate","text":"Reciprocate","html":"Reciprocate"}],"langContent":"EN"},{"id":194297594,"gmtCreate":1621381571118,"gmtModify":1704356592926,"author":{"id":"3581734197173658","authorId":"3581734197173658","name":"sunnylimbs","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3581734197173658","authorIdStr":"3581734197173658"},"htmlText":"Sure","listText":"Sure","text":"Sure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/194297594","repostId":2136045994,"repostType":4,"repost":{"id":"2136045994","kind":"news","pubTimestamp":1621377021,"share":"https://ttm.financial/m/news/2136045994?lang=&edition=fundamental","pubTime":"2021-05-19 06:30","market":"us","language":"en","title":"AT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans","url":"https://stock-news.laohu8.com/highlight/detail?id=2136045994","media":"Bloomberg","summary":"(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division wit","content":"<p>(Bloomberg) -- The new entity that will house the merged AT&amp;T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the transaction, according to people with knowledge of the matter.</p><p>The facilities include a $31.5 billion 364-day bridge loan, which is expected to be refinanced with longer-term bonds prior to maturity, and a $10 billion term loan in two tranches, the people said. The debt will replace the $41.5 billion in financing commitments already received from Goldman Sachs Group Inc. and JPMorgan Chase &amp; Co., the largest bridge this year. The loans are being marketed to other banks that will join the transaction.</p><p>The new company, whose name will be announced this week, has split the term loan into a $3 billion 18-month tranche and a $7 billion three-year portion, said the people, who asked not to be identified discussing a private transaction. The company is also syndicating a $6 billion five-year revolving credit facility, they added.</p><p>Representatives for JPMorgan, which is leading the bridge loan and term loan portion, and Goldman Sachs declined to comment. Representatives for AT&amp;T didn’t immediately respond to requests for comment.</p><p>AT&amp;T’s decision to spin off its media business marks a major shift in its strategy after years of working to assemble telecommunications and media assets under <a href=\"https://laohu8.com/S/AONE\">one</a> roof. The company will reduce net debt by $43 billion through the transaction, putting it on track to drop behind rival Verizon Communications Inc. in the rankings of the most indebted non-financial companies globally, according to data compiled by Bloomberg.</p><p>Pricing on the bridge loan consists of a 17.5 basis point ticking fee, a fee of 137.5 basis points over the London interbank offered rate if drawn, and a duration fee of 50, 75, and then 100 basis points every 90 days the loan is outstanding, the people said.</p><p>The 18-month term loan has an upfront fee of 5.25 basis points and a drawn margin of 125 basis points over Libor, while the three-year tranche has an upfront fee of 10.5 basis points and a drawn margin of 137.5 basis points over Libor.</p><p>The revolver has a 17.5 basis point commitment fee and a 137.5 basis points over Libor drawn margin.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-19 06:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T":"美国电话电报"},"source_url":"https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2136045994","content_text":"(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the transaction, according to people with knowledge of the matter.The facilities include a $31.5 billion 364-day bridge loan, which is expected to be refinanced with longer-term bonds prior to maturity, and a $10 billion term loan in two tranches, the people said. The debt will replace the $41.5 billion in financing commitments already received from Goldman Sachs Group Inc. and JPMorgan Chase & Co., the largest bridge this year. The loans are being marketed to other banks that will join the transaction.The new company, whose name will be announced this week, has split the term loan into a $3 billion 18-month tranche and a $7 billion three-year portion, said the people, who asked not to be identified discussing a private transaction. The company is also syndicating a $6 billion five-year revolving credit facility, they added.Representatives for JPMorgan, which is leading the bridge loan and term loan portion, and Goldman Sachs declined to comment. Representatives for AT&T didn’t immediately respond to requests for comment.AT&T’s decision to spin off its media business marks a major shift in its strategy after years of working to assemble telecommunications and media assets under one roof. The company will reduce net debt by $43 billion through the transaction, putting it on track to drop behind rival Verizon Communications Inc. in the rankings of the most indebted non-financial companies globally, according to data compiled by Bloomberg.Pricing on the bridge loan consists of a 17.5 basis point ticking fee, a fee of 137.5 basis points over the London interbank offered rate if drawn, and a duration fee of 50, 75, and then 100 basis points every 90 days the loan is outstanding, the people said.The 18-month term loan has an upfront fee of 5.25 basis points and a drawn margin of 125 basis points over Libor, while the three-year tranche has an upfront fee of 10.5 basis points and a drawn margin of 137.5 basis points over Libor.The revolver has a 17.5 basis point commitment fee and a 137.5 basis points over Libor drawn margin.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4371599,"gmtCreate":1621382276985,"gmtModify":1680789567573,"authorId":3572567683672897,"author":{"id":3572567683672897,"idStr":"3572567683672897","authorId":3572567683672897,"name":"Ddsl","avatar":"https://static.tigerbbs.com/4349a7a2362135d26685a45e48253c3d","vip":1,"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194297594,"type":1,"supId":0,"prevId":0,"content":"Yeah","text":"Yeah","html":"Yeah"}],"langContent":"EN"},{"id":194296517,"gmtCreate":1621381448639,"gmtModify":1704356588081,"author":{"id":"3578981043646082","authorId":"3578981043646082","name":"melonlike","avatar":"https://static.tigerbbs.com/f6f3b3d068ad52a014fcd775be10c9ba","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":7,"crmLevelSwitch":1,"idStr":"3578981043646082","authorIdStr":"3578981043646082"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194296517","repostId":2136045994,"repostType":4,"repost":{"id":"2136045994","kind":"news","pubTimestamp":1621377021,"share":"https://ttm.financial/m/news/2136045994?lang=&edition=fundamental","pubTime":"2021-05-19 06:30","market":"us","language":"en","title":"AT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans","url":"https://stock-news.laohu8.com/highlight/detail?id=2136045994","media":"Bloomberg","summary":"(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division wit","content":"<p>(Bloomberg) -- The new entity that will house the merged AT&amp;T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the transaction, according to people with knowledge of the matter.</p><p>The facilities include a $31.5 billion 364-day bridge loan, which is expected to be refinanced with longer-term bonds prior to maturity, and a $10 billion term loan in two tranches, the people said. The debt will replace the $41.5 billion in financing commitments already received from Goldman Sachs Group Inc. and JPMorgan Chase &amp; Co., the largest bridge this year. The loans are being marketed to other banks that will join the transaction.</p><p>The new company, whose name will be announced this week, has split the term loan into a $3 billion 18-month tranche and a $7 billion three-year portion, said the people, who asked not to be identified discussing a private transaction. The company is also syndicating a $6 billion five-year revolving credit facility, they added.</p><p>Representatives for JPMorgan, which is leading the bridge loan and term loan portion, and Goldman Sachs declined to comment. Representatives for AT&amp;T didn’t immediately respond to requests for comment.</p><p>AT&amp;T’s decision to spin off its media business marks a major shift in its strategy after years of working to assemble telecommunications and media assets under <a href=\"https://laohu8.com/S/AONE\">one</a> roof. The company will reduce net debt by $43 billion through the transaction, putting it on track to drop behind rival Verizon Communications Inc. in the rankings of the most indebted non-financial companies globally, according to data compiled by Bloomberg.</p><p>Pricing on the bridge loan consists of a 17.5 basis point ticking fee, a fee of 137.5 basis points over the London interbank offered rate if drawn, and a duration fee of 50, 75, and then 100 basis points every 90 days the loan is outstanding, the people said.</p><p>The 18-month term loan has an upfront fee of 5.25 basis points and a drawn margin of 125 basis points over Libor, while the three-year tranche has an upfront fee of 10.5 basis points and a drawn margin of 137.5 basis points over Libor.</p><p>The revolver has a 17.5 basis point commitment fee and a 137.5 basis points over Libor drawn margin.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-19 06:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T":"美国电话电报"},"source_url":"https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2136045994","content_text":"(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the transaction, according to people with knowledge of the matter.The facilities include a $31.5 billion 364-day bridge loan, which is expected to be refinanced with longer-term bonds prior to maturity, and a $10 billion term loan in two tranches, the people said. The debt will replace the $41.5 billion in financing commitments already received from Goldman Sachs Group Inc. and JPMorgan Chase & Co., the largest bridge this year. The loans are being marketed to other banks that will join the transaction.The new company, whose name will be announced this week, has split the term loan into a $3 billion 18-month tranche and a $7 billion three-year portion, said the people, who asked not to be identified discussing a private transaction. The company is also syndicating a $6 billion five-year revolving credit facility, they added.Representatives for JPMorgan, which is leading the bridge loan and term loan portion, and Goldman Sachs declined to comment. Representatives for AT&T didn’t immediately respond to requests for comment.AT&T’s decision to spin off its media business marks a major shift in its strategy after years of working to assemble telecommunications and media assets under one roof. The company will reduce net debt by $43 billion through the transaction, putting it on track to drop behind rival Verizon Communications Inc. in the rankings of the most indebted non-financial companies globally, according to data compiled by Bloomberg.Pricing on the bridge loan consists of a 17.5 basis point ticking fee, a fee of 137.5 basis points over the London interbank offered rate if drawn, and a duration fee of 50, 75, and then 100 basis points every 90 days the loan is outstanding, the people said.The 18-month term loan has an upfront fee of 5.25 basis points and a drawn margin of 125 basis points over Libor, while the three-year tranche has an upfront fee of 10.5 basis points and a drawn margin of 137.5 basis points over Libor.The revolver has a 17.5 basis point commitment fee and a 137.5 basis points over Libor drawn margin.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":194298371,"gmtCreate":1621381403793,"gmtModify":1704356585978,"author":{"id":"3575414666461571","authorId":"3575414666461571","name":"TW1","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575414666461571","authorIdStr":"3575414666461571"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/194298371","repostId":2136045994,"repostType":4,"repost":{"id":"2136045994","kind":"news","pubTimestamp":1621377021,"share":"https://ttm.financial/m/news/2136045994?lang=&edition=fundamental","pubTime":"2021-05-19 06:30","market":"us","language":"en","title":"AT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans","url":"https://stock-news.laohu8.com/highlight/detail?id=2136045994","media":"Bloomberg","summary":"(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division wit","content":"<p>(Bloomberg) -- The new entity that will house the merged AT&amp;T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the transaction, according to people with knowledge of the matter.</p><p>The facilities include a $31.5 billion 364-day bridge loan, which is expected to be refinanced with longer-term bonds prior to maturity, and a $10 billion term loan in two tranches, the people said. The debt will replace the $41.5 billion in financing commitments already received from Goldman Sachs Group Inc. and JPMorgan Chase &amp; Co., the largest bridge this year. The loans are being marketed to other banks that will join the transaction.</p><p>The new company, whose name will be announced this week, has split the term loan into a $3 billion 18-month tranche and a $7 billion three-year portion, said the people, who asked not to be identified discussing a private transaction. The company is also syndicating a $6 billion five-year revolving credit facility, they added.</p><p>Representatives for JPMorgan, which is leading the bridge loan and term loan portion, and Goldman Sachs declined to comment. Representatives for AT&amp;T didn’t immediately respond to requests for comment.</p><p>AT&amp;T’s decision to spin off its media business marks a major shift in its strategy after years of working to assemble telecommunications and media assets under <a href=\"https://laohu8.com/S/AONE\">one</a> roof. The company will reduce net debt by $43 billion through the transaction, putting it on track to drop behind rival Verizon Communications Inc. in the rankings of the most indebted non-financial companies globally, according to data compiled by Bloomberg.</p><p>Pricing on the bridge loan consists of a 17.5 basis point ticking fee, a fee of 137.5 basis points over the London interbank offered rate if drawn, and a duration fee of 50, 75, and then 100 basis points every 90 days the loan is outstanding, the people said.</p><p>The 18-month term loan has an upfront fee of 5.25 basis points and a drawn margin of 125 basis points over Libor, while the three-year tranche has an upfront fee of 10.5 basis points and a drawn margin of 137.5 basis points over Libor.</p><p>The revolver has a 17.5 basis point commitment fee and a 137.5 basis points over Libor drawn margin.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAT&T Spinoff Starts Marketing $41.5 Billion of Merger Loans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-19 06:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T":"美国电话电报"},"source_url":"https://finance.yahoo.com/news/t-spinoff-starts-marketing-41-223021939.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2136045994","content_text":"(Bloomberg) -- The new entity that will house the merged AT&T Inc. spun-off WarnerMedia division with Discovery Inc.’s reality-TV empire is starting to market a series of loans to help fund the transaction, according to people with knowledge of the matter.The facilities include a $31.5 billion 364-day bridge loan, which is expected to be refinanced with longer-term bonds prior to maturity, and a $10 billion term loan in two tranches, the people said. The debt will replace the $41.5 billion in financing commitments already received from Goldman Sachs Group Inc. and JPMorgan Chase & Co., the largest bridge this year. The loans are being marketed to other banks that will join the transaction.The new company, whose name will be announced this week, has split the term loan into a $3 billion 18-month tranche and a $7 billion three-year portion, said the people, who asked not to be identified discussing a private transaction. The company is also syndicating a $6 billion five-year revolving credit facility, they added.Representatives for JPMorgan, which is leading the bridge loan and term loan portion, and Goldman Sachs declined to comment. Representatives for AT&T didn’t immediately respond to requests for comment.AT&T’s decision to spin off its media business marks a major shift in its strategy after years of working to assemble telecommunications and media assets under one roof. The company will reduce net debt by $43 billion through the transaction, putting it on track to drop behind rival Verizon Communications Inc. in the rankings of the most indebted non-financial companies globally, according to data compiled by Bloomberg.Pricing on the bridge loan consists of a 17.5 basis point ticking fee, a fee of 137.5 basis points over the London interbank offered rate if drawn, and a duration fee of 50, 75, and then 100 basis points every 90 days the loan is outstanding, the people said.The 18-month term loan has an upfront fee of 5.25 basis points and a drawn margin of 125 basis points over Libor, while the three-year tranche has an upfront fee of 10.5 basis points and a drawn margin of 137.5 basis points over Libor.The revolver has a 17.5 basis point commitment fee and a 137.5 basis points over Libor drawn margin.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4371720,"gmtCreate":1621382743210,"gmtModify":1680789578093,"authorId":3582015516749888,"author":{"id":3582015516749888,"idStr":"3582015516749888","authorId":3582015516749888,"name":"HH浩","avatar":"https://static.tigerbbs.com/2639351c97027c6f71c4d9729ef216d8","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194298371,"type":1,"supId":0,"prevId":0,"content":"Reciprocate","text":"Reciprocate","html":"Reciprocate"},{"id":4371427,"gmtCreate":1621381570234,"gmtModify":1680789568712,"authorId":3582761710994135,"author":{"id":3582761710994135,"idStr":"3582761710994135","authorId":3582761710994135,"name":"lizzy04","avatar":"https://community-static.tradeup.com/news/529a324eeb69425faecfa95496b40729","vip":1,"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194298371,"type":1,"supId":0,"prevId":0,"content":"yes","text":"yes","html":"yes"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":35,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}