Comcast enters into $6.25 billion five-year revolving credit facility

By Jennifer Chiou

New York, June 6 - Comcast Corp. and Comcast Cable Communications, LLC entered into a new up to $6.25 billion revolving credit facility, replacing the prior $6.8 billion revolving credit agreement, according to an 8-K filing with the Securities and Exchange Commission.

The prior revolver was terminated in connection with the new revolver, which comes due on June 6, 2017.

As of Wednesday, no amounts were outstanding under the new revolver other than about $456 million of letters of credit previously issued for the account of Comcast and its subsidiaries.

The company and its restricted subsidiaries must maintain a ratio of consolidated total debt to annualized EBITDA of no more than 5.75 to 1.00 under the agreement.

Comcast is a Philadelphia-based telephone, television and internet service provider.

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