CBS may redeem some of 4.625% notes due 2018 using new deal proceeds

New York, June 26 – CBS Corp. said it may redeem some or all of its $300 million of 4.625% senior notes due May 15, 2018 using proceeds from an offering of new notes in two tranches.

Funds raised from the sale will also be used to repay at maturity CBS’ $400 million of 1.95% senior notes due July 1, 2017, according to a 424B5 filing with the Securities and Exchange Commission.

Possible further uses of proceeds are the repayment of short-term borrowings, including commercial paper, and general corporate purposes.

CBS is a New York-based mass media company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.