Comcast Corporation (NASDAQ: CMCSA) has announced the pricing terms of its debt exchange offers and cash offers. The exchange offers involve the exchange of outstanding series of notes for newly issued 5.168% notes due 2037 (the “new 2037 notes”) and 5.218% notes due 2038 (the “new 2038 notes”). The cash offers, on the other hand, allow eligible holders to sell their old notes for cash.
For the exchange offers: The "exchange offer yield" for the 5.350% notes due 2027 is 3.768%, and the "total exchange price" is $1,030.72 per $1,000 principal amount of old notes. The "exchange offer yield" for the 3.150% notes due 2028 is 3.808%, and the "total exchange price" is $985.20 per $1,000 principal amount of old notes. The "exchange offer yield" for the 3.550% notes due 2028 is 3.808%, and the "total exchange price" is $993.69 per $1,000 principal amount of old notes. The "exchange offer yield" for the 3.300% notes due 2027 is 3.818%, and the "total exchange price" is $992.53 per $1,000 principal amount of old notes. * The "exchange offer yield" for the 5.100% notes due 2029 is 3.915%, and the "total exchange price" is $1,039.21 per $1,000 principal amount of old notes.
For the cash offers: The "cash offer yield" for the 5.350% notes due 2027 is 3.768%, and the "total consideration" is $1,030.72 per $1,000 principal amount of old notes. The "cash offer yield" for the 3.150% notes due 2028 is 3.808%, and the "total consideration" is $985.20 per $1,000 principal amount of old notes. The "cash offer yield" for the 3.550% notes due 2028 is 3.808%, and the "total consideration" is $993.69 per $1,000 principal amount of old notes. The "cash offer yield" for the 3.300% notes due 2027 is 3.818%, and the "total consideration" is $992.53 per $1,000 principal amount of old notes. * The "cash offer yield" for the 5.100% notes due 2029 is 3.915%, and the "total consideration" is $1,039.21 per $1,000 principal amount of old notes.
The exchange offers and cash offers are subject to certain conditions, and the new notes will not be registered under the Securities Act of 1933. Global Bondholder Services Corporation is acting as the information agent and the exchange agent for the exchange offers, as well as the tender agent for the cash offers.
This announcement serves as informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to purchase any of the securities described herein. The market has reacted to these announcements by moving the company's shares 0.32% to a price of $31.72. If you want to know more, read the company's complete 8-K report here.
