The largest bank in the country will help finance construction global headquarters that AT&T Inc. plans to build in Plano.
PLANO, Texas — This article was originally published in the Dallas Business Journal. Read the original article and more business content here.
The largest bank in the country will help finance construction of the $1 billion-plus global headquarters that AT&T Inc. plans to build in Plano.
A spokesperson for JPMorgan Chase told Dallas Business Journal it will provide AT&T with a $400 million loan. Terms of the loan were not disclosed and it was not immediately clear when the deal closed. However, the loan represents a major milestone of the new HQ campus and underscores how this huge Collin County project involves other giant corporate names.
The news of the loan comes as AT&T (NYSE: AT&T) is set to relocate its headquarters from downtown Dallas to Plano. AT&T’s lease at the 37-story Whitacre Tower at 208 S. Akard St. runs through Dec. 31, 2031. But CEO John Stankey previously told employees move-ins could start in the second half of 2028.
Plano in February approved a $20 million incentives package for AT&T, the city’s largest ever, with grants and property tax breaks. To receive the incentives, AT&T must invest at least $1.35 billion and create 10,000 jobs.
This article was originally published in the Dallas Business Journal. Read the original article and more business content here.