Telecom giant and WarnerMedia owner AT&T is raising another $12.5 billion via a bond sale, saying it will use the proceeds to repay outstanding debt.
The conglomerate has been boosting its liquidity amid the novel coronavirus pandemic, including earlier this week, when it said it was issuing €3 billion ($3.27 billion) in new debt.
It previously also unveiled a $5.5 billion term loan to boost its financial flexibility amid the pandemic. Its latest bond offering, which includes five types of global notes due between 2027 and 2060, will take advantage of a recent credit market rally.The interest rates on the bonds range from 2.3 percent to 3.85 percent.