Viacom to issue notes due 2043 in exchange for 6.875%, 6.75% notes

By Susanna Moon

Chicago, Nov. 16 - Viacom Inc. said it plans to issue new senior debentures due 2043 in a private exchange offer for its outstanding 6.875% senior debentures due 2036 and 6.75% senior debentures due 2037.

The notes due 2043 offered in the exchange offer will be a further issuance of, and in addition to, the new senior debentures due 2043 that Viacom expects to issue for cash in the principal amount of $250 million, according to a company press release.

The exchange offer will only be made to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.

Viacom an entertainment company based in New York.

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