AT&T Inc.’s term loan credit agreement, which it will use to fund its purchase of Time Warner Inc. , was boosted about 62% to $16.18 billion from $10.00 billion. The commitment termination date was extended to Dec. 31, 2018. The original term loan agreement was dated Nov. 15, 2016, with J.P. Morgan Chase & Co. as agent. AT&T’s stock slipped 0.8% in premarket trade, while Time Warner shares were indicated down about the same. AT&T shares have climbed 14% over the past three months, while Time Warner’s have gained 3.7% and the S&P 500 has tacked on 6.7%.
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