AT&T has laid the terms on a $20 billion bridge loan it has secured from JP Morgan Chase, The Wall Street Journal reports. According to the company filing with the Securities and Exchange Commission, JP Morgan has been listed as the administrative agent for the loan.
The Texas-based telecom company’s loan will include three syndication agents, including Bank of America, Barclays and Citigroup. AT&T intends to use the proceeds to acquire T-Mobile USA for $39 billion from Deutsche Telekom.
Click here for the story from The Wall Street Journal.