Skip to content
AnalystLens

COMCAST CORP 8-K Report, Corporate Update (May 6, 2008)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed May 6, 2008
Period End
May 2, 2008
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 May 6, 2008. Cited figures are marked; the original filing is the authoritative source.

Comcast Corporation (CMCSA) filed an 8-K on May 6, 2008, reporting on the upcoming consummation of a significant debt issuance.

The company expects to issue $2 billiona in aggregate principal amount of notes, split between $1 billion of 5.70% Notes due 2018 and $1 billion of 6.40% Notes due 2038. These notes are being offered under Comcast's existing shelf registration statement and are guaranteed on an unsecured and unsubordinated basis by various Comcast Cable subsidiaries, which are collectively referred to as the "Cable Guarantors." This debt offering indicates Comcast's strategy to fund operations or strategic initiatives through borrowing.

Investors should note the interest rates and maturity dates, which provide insights into the cost of capital and the company's long-term financing plans. The unsecured and unsubordinated nature of the guarantees means these notes rank equally with other senior unsecured debt of the guarantors.

02—Key points

Key Highlights

  1. Comcast Corporation is issuing $2 billion in aggregate principal amount of new debt.
  2. The new debt consists of $1 billion in 5.70% Notes due 2018 and $1 billion in 6.40% Notes due 2038.
  3. The debt issuance is expected to be consummated on or around May 7, 2008.
  4. The notes are offered under Comcast's Form S-3 registration statement filed on March 27, 2006.
  5. The notes are guaranteed on an unsecured and unsubordinated basis by several Comcast Cable subsidiaries (Cable Guarantors).
  6. Key underwriters include Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and UBS Securities LLC.
  7. This filing also lists various exhibits, including the underwriting agreement and legal opinions related to the debt issuance.

03—Questions

Frequently Asked Questions

  1. What is the purpose of this 8-K filing?

    This 8-K filing reports on Comcast Corporation's upcoming issuance and sale of $2 billion in aggregate principal amount of notes. It provides details about the terms of the notes, the underwriters, and the guarantees from Comcast's cable subsidiaries.

  2. What are the specific terms of the new debt being issued?

    Comcast is issuing $1 billion of 5.70% Notes due 2018 and $1 billion of 6.40% Notes due 2038. These notes are being offered under the company's existing shelf registration statement.

  3. Who is guaranteeing these new notes?

    The new notes are guaranteed on an unsecured and unsubordinated basis by several Comcast Cable subsidiaries, including Comcast Cable Communications, LLC, Comcast Cable Communications Holdings, Inc., Comcast Cable Holdings, LLC, Comcast MO Group, Inc., and Comcast MO of Delaware, LLC. These entities are collectively referred to as the 'Cable Guarantors'.

  4. What does it mean that the notes are guaranteed on an unsecured and unsubordinated basis?

    This means that the Cable Guarantors have pledged their general creditworthiness to back the notes, and these notes will rank equally in priority with other existing unsecured and unsubordinated debt of the guarantors in the event of bankruptcy or liquidation.

04—Continue

← View all 8-K filings