AT&T Secures $5.5 Billion Loan, Touts ‘Strong Cash Position’ to Weather COVID-19 Crisis

AT&T announced a $5.5 billion loan deal with 12 banks, telling investors in a business update that it has “a strong cash position, including a strong balance sheet and attractive liquidity” amid the economic disruption caused by the coronavirus pandemic.

On March 20, AT&T canceled a $4 billion stock buyback it had planned for the second quarter and halted all share repurchases,

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