AT&T CEO Randall Stephenson. Photo credit: Stuart Isett/Fortune Brainstorm Tech, under Creative Commons license

Telecoms giant AT&T has announced early repayment terms for $5.3 billion in outstanding bonds as the company seeks to trim its behemoth ($151 billion as of 2019 end) debt load. The Dallas-based telecoms giant insists its future near-term debt requirements are “very manageable” and has committed to cutting down debt while still paying dividends to shareholders and investing in growth areas.

AT&T says it anticipates future strong cash flow, in turn, bolstering its ability to pay down debt. A sizeable part of AT&T’s debt originated from its $85 billion acquisition of Time Warner in 2018. Since then, the company has worked on trimming its debt.

AT&T is set to release its financial results for the second quarter of this year on the 23rd of July, 2020.