WarnerMedia owner AT&T has struck a deal for a $5.5 billion loan, boosting its liquidity amid the coronavirus crisis. It also said it would continue to pay dividends and would be 'sizing our operations to economic activity.' Details:
The company also said Tuesday it would be"sizing our operations to economic activity," a sign of possible layoffs or reduced investment.
It also said it expects to be "sizing our operations to economic activity," a sign of possible layoffs or reduced investment amid the crisis. The telecom giant, which has the highest debt load among non-financial U.S. companies, was previously reported to be looking at possible short-term financing deals, as other such options have become more expensive in the current environment.
"As countries and companies around the world respond to the COVID-19 pandemic, AT&T wanted to provide a financial update to investors," the company said Tuesday.
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