Shearman advised Citibank, N.A., as Administrative Agent, on an amendment and restatement extending AT&T Inc.’s existing $7.5 billion revolving credit facility to finance general corporate purposes.

AT&T Inc. provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

The Team