The syndication of the US$20bn bridge loan to back AT&T’s acquisition of T-Mobile USA has reportedly been completed, with Barclays Capital, BoA Merrill Lynch, Citigroup and JP Morgan emerging with the largest chunks. Reuters reported yesterday that each…
The syndication of the US$20bn bridge loan to back AT&T’s acquisition of T-Mobile USA has reportedly been completed, with Barclays Capital, BoA Merrill Lynch, Citigroup and JP Morgan emerging with the largest chunks.
Reuters reported yesterday that each of those four banks will have a US$1.8bn slice of the bridge loan.
BNP Paribas, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, RBS, UBS, and Wells Fargo are also reportedly involved, each taking a US$1.6bn slice of the loan.
AT&T will reportedly pay 75bps over Libor if it draws on the bridge loan, but if it remains undrawn, then the fee will be 8bps over Libor.
AT&T said it would not comment.
