AT&T INC. 8-K

What Happened

• AT&T Mobility II LLC (an indirect, wholly‑owned AT&T subsidiary) closed on July 28, 2026 the License Purchase Agreement with EchoStar and certain EchoStar subsidiaries to acquire licenses in the 600 MHz and 3.45 GHz bands for approximately $23 billion.
• To fund part of the purchase price, AT&T drew $11.5 billion on a two‑year term loan and $3.0 billion on a 364‑day term loan (total $14.5 billion) under its $17.5 billion Delayed Draw Term Loan Credit Agreement with Bank of America, N.A., as agent. The balance of the purchase price was paid in cash.

Key Details

• Transaction close date: July 28, 2026.
• Purchase Price: approximately $23 billion for 600 MHz and 3.45 GHz licenses from EchoStar.
• Financing drawn: $11.5B (two‑year term loan) + $3.0B (364‑day term loan) = $14.5B drawn under a $17.5B delayed draw facility.
• Term Loan: customary default and acceleration provisions; full term‑loan summary is incorporated by reference from AT&T’s prior 8‑K (filed Nov 3, 2025). License Purchase Agreement summary is incorporated by reference from AT&T’s 8‑K filed Aug 26, 2025.
• Press release dated July 28, 2026 was issued and is attached as Exhibit 99.1 to the 8‑K.

Why It Matters

• This filing reports a material acquisition of wireless spectrum—assets that are central to AT&T’s wireless capacity and 5G network offerings.
• The company incurred a significant direct financial obligation by drawing $14.5 billion under its term‑loan facility, which increases short‑term/near‑term borrowings and affects AT&T’s financing profile and cash deployment.
• Investors should note the size and timing of the cash and debt financing disclosed here; detailed terms of the license purchase and the loan facility are available in the referenced prior 8‑Ks and the attached press release.