provided Tuesday an update on its financial position amid uncertaines surrounding the impact of the COVID-19 pandemic, saying it had a “strong” cash position and “attractive” liquidity. Since Dec. 31, when the telecommunications and media company had $12 billion in cash on hand, the company received in February about $4 billion from preferred stock issuances, cancelled in March a $4 billion acceelerated stock repurchase plan and suspended all other share buybacks and on Tuesday has announced a $5.5 billion term-loan agreement with 12 banks. The company also has a $15 billion revolver that it doesn’t expect to draw on this year. AT&T said it plans ot continuing paying its dividend. The company said the funded status of its pension fund is about the same as the end of 2019, which no cash funding requirements expected through 2022. The company said it will provide more information on COVID-19 impacts when ti reports first-quarter results on April 22. The stock, which rose 2.6% i premarket trading, has shed 25% over the past three months through Monday, while the Dow Jones Industrial Average
has lost 21%.