By Devika Patel
Knoxville, Tenn., Feb. 1 – Comcast Corp. priced $800 million of 4.25% guaranteed notes due Jan. 31, 2053 at par on Thursday, according to an FWP filed with the Securities and Exchange Commission.
The notes are guaranteed by Comcast Cable Communications, LLC and NBCUniversal Media, LLC.
Morgan Stanley & Co. LLC and Deutsche Bank AG, Taipei Branch are the bookrunners.
Proceeds will be used to repay upcoming debt maturities, including the company’s $900 million of 5.875% notes due Feb. 15, 2018, its $1 billion of 5.7% notes due May 15, 2018 and a portion of its commercial paper.
Comcast said that it also plans a concurrent offering of notes.
Comcast is a media and technology company based in Philadelphia.
| Issuer: | Comcast Corp.
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| Guarantors: | Comcast Cable Communications, LLC and NBCUniversal Media, LLC
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| Amount: | $800 million
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| Description: | Notes
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| Maturity: | Jan. 31, 2053
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| Bookrunner: | Morgan Stanley & Co. LLC and Deutsche Bank AG, Taipei Branch
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| Co-manager: | MUFG
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| Coupon: | 4.25%
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| Price: | Par
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| Call features: | At par on each Feb. 15 on or after Feb. 15, 2023
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| Trade date: | Feb. 1
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| Settlement date: | Feb. 12
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