Comcast Announces Pricing Terms for Debt Exchange Offers and Cash Offers

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[{"type":"text","content":" PHILADELPHIA--(BUSINESS WIRE)--\nComcast Corporation (Nasdaq: CMCSA)\n\n\nExchange Offers\n\n\nComcast Corporation (Nasdaq: CMCSA) (“Comcast”) today announced the pricing terms of its seven separate private offers to exchange (collectively, the “Exchange Offers”) any and all of the outstanding series of notes listed in the tables below (collectively, the “Old Notes”) in exchange for newly issued 5.168% Notes due 2037 (the “New 2037 Notes”) and 5.218% Notes due 2038 (the “New 2038 Notes” and, together with the New 2037 Notes, the “New Notes”), on the terms and subject to the conditions set forth in the Offering Memorandum dated September 22, 2025 (the “Offering Memorandum”), the eligibility certification and the accompanying exchange offer notice of guaranteed delivery (the “Exchange Offer Notice of Guaranteed Delivery” which, together with the Offering Memorandum and the eligibility certification, constitute the “Exchange Offer Documents”). Unless otherwise defined herein, capitalized terms used under the heading “Exchange Offers” have the respective meanings assigned thereto in the Exchange Offer Documents.\n\n\nEach Exchange Offer will expire at 5:00 p.m. (Eastern time) today, September 26, 2025 (such date and time with respect to an Exchange Offer, as the same may be extended with respect to such Exchange Offer, the “Exchange Offer Expiration Date”). The “Exchange Offer Settlement Date” with respect to the Exchange Offers will be promptly following the Exchange Offer Expiration Date and is expected to be October 2, 2025.\n\n\nThe tables below indicate, among other things, the applicable Exchange Offer Yield and Total Exchange Price (each as defined in the Offering Memorandum) as calculated at 11:00 a.m. (Eastern time) on September 26, 2025 (the “Price Determination Date”):\n\n\nPool 1 Notes\n\n\n\n\nAcceptance Priority Level\n\n\n\n\n\n\n\nTitle of Series of Old Notes to be Exchanged\n\n\n\n\n\n\n\nCUSIP\n\n\n\n\n\n\n\nPrincipal Amount Outstanding (mm)\n\n\n\n\n\n\n\nReference U.S.\nTreasury Security\n\n\n\n\n\n\n\nYield of\nReference\nU.S.\nTreasury\nSecurity\n\n\n\n\n\n\n\nFixed\nSpread\n(basis\npoints)(1)\n\n\n\n\n\n\n\nExchange\n\n\n\n\nOffer Yield\n\n\n\n\n\n\n\nTotal\nExchange\nPrice\n\n\n\n\n\n\n\n\n1\n\n\n\n\n\n\n\n5.350% Notes due 2027\n\n\n\n\n\n\n\n20030N EA5\n\n\n\n\n\n\n\n$750\n\n\n\n\n\n\n\n3.625% UST due Augus...

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