Comcast Announces Issuance of $692 Million in New 5.168% Notes Due 2037 Following Debt Exchange and Redemption Offers
Reuters
Oct 01
Comcast Announces Issuance of $692 Million in New 5.168% Notes Due 2037 Following Debt Exchange and Redemption Offers
Comcast Corporation (Nasdaq: CMCSA) has announced the final results of its Pool 1 debt exchange and cash offers, completing a significant debt management initiative. The company will issue approximately $692 million in newly issued 5.168% Notes due 2037, following the successful exchange of several outstanding series of notes. All conditions for the exchange and cash offers, including minimum and capacity thresholds, have been satisfied. The move is part of Comcast's ongoing efforts to optimize its capital structure. The new notes, which will not be registered under the Securities Act, are expected to streamline Comcast's debt profile and provide greater financial flexibility moving forward.
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