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COMCAST CORP 8-K Report, Corporate Update (Dec 3, 2012)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed December 3, 2012
Period End
November 29, 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 December 3, 2012. Cited figures are marked; the original filing is the authoritative source.

This Form 8-K filing from Comcast Corporation (CMCSA) announces the upcoming $250 milliona issuance of 5.00% Notes due 2061, expected to close on December 6, 2012.

These notes are guaranteed on an unsecured and unsubordinated basis by several key cable subsidiaries, providing investors with an additional layer of credit support. The offering is being conducted under Comcast's existing shelf registration statement and a recent prospectus supplement, indicating a well-established process for capital raising activities. For investors, this filing signals Comcast's ongoing efforts to manage its capital structure and secure long-term funding.

The issuance of new debt, particularly with a long maturity of 2061, suggests strategic financial planning and potentially a need for capital to support ongoing operations, investments, or acquisitions. The coupon rate of 5.00%b provides a fixed yield for bondholders, and the creditworthiness of Comcast and its cable guarantors will be a key factor in assessing the investment's risk and return profile.

02—Key points

Key Highlights

  1. Comcast Corporation plans to issue $250,000,000 in aggregate principal amount of 5.00% Notes due 2061.
  2. The closing date for the note issuance is expected to be December 6, 2012.
  3. The Notes will be guaranteed on an unsecured and unsubordinated basis by Comcast Cable Communications, LLC, Comcast Cable Holdings, LLC, Comcast MO Group, Inc., and Comcast MO of Delaware, LLC (the 'Cable Guarantors').
  4. The offering is being made pursuant to Comcast's effective Form S-3 Registration Statement filed on February 24, 2012.
  5. A prospectus supplement dated November 30, 2012, details the material terms of the Notes.
  6. The Notes are being sold under an underwriting agreement dated November 29, 2012, with Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, UBS Securities LLC, and Wells Fargo Securities, LLC acting as representatives of the underwriters.

03—Questions

Frequently Asked Questions

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

    The primary purpose of this 8-K filing is to report on Comcast Corporation's upcoming issuance and sale of $250 million of its 5.00% Notes due 2061. It details the key terms, the expected closing date, and the involved parties in the offering.

  2. Who is providing the guarantee for these new notes?

    The Notes are guaranteed on an unsecured and unsubordinated basis by several of Comcast's significant cable subsidiaries: Comcast Cable Communications, LLC, Comcast Cable Holdings, LLC, Comcast MO Group, Inc., and Comcast MO of Delaware, LLC. These entities are referred to as the 'Cable Guarantors'.

  3. Under what regulatory framework is this debt being issued?

    The debt issuance is being conducted under Comcast's effective Registration Statement on Form S-3, filed on February 24, 2012 (Registration No. 333-179678), which includes a base prospectus. A prospectus supplement dated November 30, 2012, provides specific details about these Notes.

  4. What is the maturity date of the notes and what is the interest rate?

    The notes have a maturity date in the year 2061 and carry a fixed interest rate of 5.00% per annum.

04—Continue

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