Press release
Comcast and NBCUniversal Media Announce Results of Early Tenders in Exchange Offers and Upsize of Exchange Offers
PHILADELPHIA--(BUSINESS WIRE)-- Comcast Corporation (Nasdaq: CMCSA) (“Comcast”) and NBCUniversal Media, LLC (“NBCUniversal”) announced today the early tender
About this update from Comcast Corporation
[{"type":"text","content":" PHILADELPHIA--(BUSINESS WIRE)--\nComcast Corporation (Nasdaq: CMCSA) (“Comcast”) and NBCUniversal Media, LLC (“NBCUniversal”) announced today the early tender results of their three pools of Exchange Offers and the upsizing of such Exchange Offers, each as detailed below. In connection with this upsizing, Comcast and NBCUniversal have amended the terms of the Exchange Offers to increase the maximum aggregate principal amount of New Notes that will be issued in the Exchange Offers. Except as described in this press release, the terms and conditions of the Exchange Offers, as described in the offering memorandum, dated August 2, 2021 (the “Exchange Offers”), remain unchanged.\n\nThe withdrawal deadline for the Exchange Offers occurred at 5:00 p.m. New York City time on August 13, 2021. As a result, tendered Old Notes may no longer be withdrawn, except in certain limited circumstances where additional withdrawal rights are required by law (as determined by Comcast and NBCUniversal).\n\nThe pricing of the New Notes will occur at 10:00 a.m., New York City time, on August 16, 2021.\n\nThe settlement date for Old Notes validly tendered and not validly withdrawn at or prior to 5:00 p.m., New York City time, on August 13, 2021 is expected to be August 19, 2021. Holders whose Old Notes are accepted for exchange will receive in cash accrued and unpaid interest from the last applicable interest payment date to, but excluding, the date on which the exchange of such Old Notes is settled, and amounts due in lieu of fractional amounts of New Notes.\n\nComcast and NBCUniversal have offered to exchange ten series of notes issued by Comcast or NBCUniversal, respectively, (collectively, the “Pool 1 Notes”) for a combination of cash and a new series of Comcast’s senior notes to be due in 2051 (the “New 2051 Notes”) as described in the table below. The aggregate principal amount of Pool 1 Notes that are accepted for exchange will be based on the order of acceptance priority for such series as set forth in the table below, and such that the aggregate principal amount of Pool 1 Notes accepted results in the issuance of New 2051 Notes in an amount not exceeding $5,000,000,000 (as increased, the “2051 Notes Cap”);\n\n\n\nTitle of Security\n\n\n\nIssuer\n\n\n\nCUSIP\nNumber(s)\n\n\n\nPrincipal\nAmount\nOutstanding\n\n\n\nAcceptance\nPriority\nLevel\n\n\n...