AT&T Inc. has entered into significant new financing arrangements, including a $12 billion Second Amended and Restated Credit Agreement with Citibank, N.A. as agent, which amends and restates its prior credit agreement. Additionally, the company secured a $17.5 billion Delayed Draw Term Loan Credit Agreement with Bank of America, N.A. as agent. The term loan consists of a $6 billion 364-day facility and an $11.5 billion two-year facility, both available for a single draw before November 3, 2026. Proceeds from these agreements will be used for general corporate purposes, including potential acquisitions of additional spectrum. Interest rates for advances under both agreements will be determined at AT&T's option based on variable rates, including reference to the prime rate, federal funds rate, or SOFR, plus an applicable margin.