The company has the AT & T WarnerMedia Owners Take New $ 5.5 Billion Loan - Hut Mobile

The company has the AT & T WarnerMedia Owners Take New $ 5.5 Billion Loan

The company has the AT & T , owner WarnerMedia , took the Bank of America a new loan size of $ 5.5 billion, which should help in the quarantine period because of the coronavirus.

It is expected that, despite the loan, layoffs will take place in the company and some investments will be reduced. But shareholders should still receive their quarterly dividends.

Interestingly, AT&T and without this loan were in debt from non-financial companies in the United States, and in terms of the level of debts they did take first place. And last month, company executives canceled a $ 4 billion share buyback deal, which was supposed to increase AT&T’s financial flexibility.

The company has the AT & T WarnerMedia Owners Take New $ 5.5 Billion Loan

Judging by the statement of the company, its leaders are counting on an influx of finances, including thanks to initiatives that include a user subscription. These should include the new streaming service HBO Now , which they plan to launch in May.

In addition, the financial loan should help other units of WarnerMedia, including directions in the cinema, television and games.

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The company has the AT & T WarnerMedia Owners Take New $ 5.5 Billion Loan
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