Skip to content
AnalystLens

COMCAST CORP 8-K Report, Financial Obligation (Jun 6, 2012)

Reports
Financial Events
Filing Date
Filed June 6, 2012
Period End
June 6, 2012
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 June 6, 2012. Cited figures are marked; the original filing is the authoritative source.

Comcast Corporation (CMCSA) announced on June 6, 2012, the execution of a new $6.25 billiona revolving credit agreement, replacing its previous $6.8 billion facility.

This new agreement, which matures on June 6, 2017, provides Comcast and its subsidiary, Comcast Cable Communications, LLC, with access to funds for general corporate purposes. The change in credit facilities, while reducing the total available amount by $550 millionb, reflects a strategic adjustment in the company's financing structure.

02—Key points

Key Highlights

  1. Comcast entered into a new $6.25 billion revolving credit agreement on June 6, 2012.
  2. The new agreement replaces a prior $6.8 billion revolving credit facility.
  3. The credit facility has a maturity date of June 6, 2017.
  4. The credit agreement is available for general corporate purposes for Comcast and Comcast Cable Communications, LLC.
  5. As of the agreement date, $456 million in letters of credit were outstanding, a continuation from the prior agreement.
  6. The agreement includes a financial covenant requiring a consolidated total indebtedness to annualized EBITDA ratio not to exceed 5.75:1.00.
  7. The new credit agreement is guaranteed by certain wholly owned subsidiaries holding cable communications segment assets.

03—Questions

Frequently Asked Questions

  1. What is the purpose of the new revolving credit agreement?

    The new revolving credit agreement is intended for general corporate purposes for Comcast Corporation and its subsidiary, Comcast Cable Communications, LLC.

  2. How does the new credit facility compare to the previous one in terms of size?

    The new revolving credit agreement has a borrowing capacity of $6.25 billion, which is a reduction from the prior $6.8 billion facility.

  3. Are there any financial conditions attached to the new credit agreement?

    Yes, the agreement requires Comcast and its restricted subsidiaries to maintain a consolidated total indebtedness to annualized EBITDA ratio of no more than 5.75:1.00.

  4. When does the new revolving credit agreement expire?

    The new revolving credit agreement terminates on June 6, 2017.

04—Continue

← View all 8-K filings