By Colin Kellaher

AT&T Inc. (T) on Friday said it repaid and terminated a $2.5 billion term loan that it used to partially fund its $81 billion acquisition of Time Warner Inc.

In a filing with the Securities and Exchange Commission, AT&T said it repaid the loan after completing the sale of 2 billion Canadian dollars (US$1.53 billion) worth of notes.

AT&T sold C$1.25 billion 4% global notes due 2025 and C$750 million 5% global notes due 2048.

The Time Warner deal, which closed in mid-June, left AT&T with more than $180 billion in net debt.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

August 17, 2018 13:12 ET (17:12 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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