JP Morgan has syndicated AT&T loan

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JP Morgan (JPM) has fully syndicated its $20B loan to AT&T (T) for the company's acquisition of Deutsche Telekom's (DTEGY) T-Mobile, according to The New York Times, which cited an SEC filing. JP Morgan has spread the giant loan across 11 other banks, including Citigroup (C), Bank of America (BAC), and Morgan Stanley (MS), the newspaper reported.

Credit: Financial News Network

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