AT&T Wireless said late Tues. it closed on $6.5 billion global no...
AT&T Wireless said late Tues. it closed on $6.5 billion global note offering, part of which will be used to pay down company’s debt. Offering was done in preparation for AT&T Wireless, which trades as separate tracking stock from…
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parent company, splitting off from AT&T in summer. AT&T said it also would use its proceeds from offering to pay down debt. Offering included $1 billion in notes due March 2006, $3 billion in notes due March 2011 and $2.5 billion in notes due 2031. “We remain on track to have the AT&T Wireless exchange offer completed in early May followed by the split-off midyear, which is subject to receipt of a favorable tax ruling,” AT&T CFO Charles Noski said.