AT&T Considers New $3 Billion Loan Amid Rising Funding Costs
- Term loan comes as high-grade companies tap bank credit lines
- Companies seek alternatives to commercial paper as rates spike
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AT&T Inc. is in discussions with banks for a new term loan of roughly $3 billion as part of an effort to explore financing options and help the company navigate rising costs in the market for short-term IOUs, according to people familiar with the matter.
The talks are still in flux and details may change, said the people, who asked not to be named because the discussions are private.