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COMCAST CORP 8-K Report (Jan 10, 2003)

Reports
Other Events
Filing Date
Filed January 10, 2003
Period End
January 10, 2003
Securities
CMCSACCZ
In the record · 2016–202610-K1110-Q328-K167

CMCSA filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 167 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · May ’16May ’16
  2. Leadership change8-K · Dec ’18Dec ’18
  3. Material agreement8-K · Mar ’21Mar ’21
  4. Leadership change8-K · Sep ’25Sep ’25

01—Abstract

Summary

Summary of the 8-K filed January 10, 2003. Cited figures are marked; the original filing is the authoritative source.

Comcast Corporation (CMCSA) announced the closing of a significant debt offering on January 10, 2003.

The company successfully raised approximately $1.5 billiona through the sale of two tranches of notes: $600 million in 5.85% Notes due 2010 and $900 million in 6.50% Notes due 2015. The net proceeds from this offering are earmarked for the repayment of a portion of the short-term debt incurred during the acquisition of AT&T's broadband businesses in November 2002. Additionally, Comcast provided important timeline information for its 2003 Annual Meeting of Shareholders, expected to be held on May 7, 2003.

Shareholders intending to submit proposals for inclusion in the company's proxy materials or to present proposals at the meeting must adhere to a strict deadline of January 22, 2003. This timely communication is crucial for shareholders looking to participate in corporate governance decisions.

02—Key points

Key Highlights

  1. Comcast closed a $1.5 billion note offering on January 10, 2003.
  2. The offering consisted of $600 million in 5.85% Notes due 2010 and $900 million in 6.50% Notes due 2015.
  3. Net proceeds of approximately $1,486.3 million will be used to reduce short-term debt.
  4. The debt was incurred in connection with the November 2002 merger involving AT&T's broadband assets.
  5. Comcast's 2003 Annual Meeting of Shareholders is tentatively scheduled for May 7, 2003.
  6. The deadline for shareholder proposals to be included in the proxy statement or presented at the meeting is January 22, 2003.

03—Questions

Frequently Asked Questions

  1. What was the primary purpose of the $1.5 billion note offering?

    The primary purpose of the note offering was to raise funds to repay a portion of the short-term indebtedness that Comcast incurred as a result of its acquisition of AT&T's broadband businesses in November 2002.

  2. What are the specific terms of the notes offered?

    Comcast offered $600 million aggregate principal amount of its 5.85% Notes due 2010 and $900 million aggregate principal amount of its 6.50% Notes due 2015.

  3. What is the deadline for shareholders to submit proposals for the 2003 Annual Meeting?

    Shareholder proposals intended for inclusion in the proxy statement or to be presented at the meeting must be received by Comcast's Secretary no later than the close of business on January 22, 2003.

  4. When is Comcast's 2003 Annual Meeting of Shareholders expected to take place?

    The 2003 Annual Meeting of Shareholders is expected to be held on May 7, 2003. The exact time and location will be announced at a later date.

04—Continue

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