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COMCAST CORP 8-K Report, Corporate Update (Jan 9, 2013)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed January 9, 2013
Period End
January 8, 2013
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 9, 2013. Cited figures are marked; the original filing is the authoritative source.

Comcast Corporation (CMCSA) filed an 8-K on January 9, 2013, to report on an upcoming debt offering.

The company announced its intention to consummate the issuance and sale of a substantial amount of notes, totaling $2.95 billiona, on January 14, 2013. These notes are structured into three tranches with varying maturities and interest rates: $750 million in 2.850% Notes due 2023, $1.7 billion in 4.250% Notes due 2033, and $500 million in 4.500% Notes due 2043. This debt issuance, managed by Barclays Capital Inc., Goldman, Sachs & Co., and RBS Securities Inc., is backed by guarantees from Comcast's cable subsidiaries.

The offering is being made under Comcast's existing shelf registration statement filed on Form S-3. For investors, this filing signals Comcast's active capital management and its strategy to raise funds through long-term debt, which could be used for general corporate purposes, capital expenditures, or acquisitions.

02—Key points

Key Highlights

  1. Comcast to issue $2.95 billion in new notes on January 14, 2013.
  2. Notes include $750M of 2.850% Notes due 2023.
  3. Notes include $1.7B of 4.250% Notes due 2033.
  4. Notes include $500M of 4.500% Notes due 2043.
  5. Debt issuance is guaranteed by key Comcast cable subsidiaries.
  6. Offering is conducted under a previously filed Form S-3 registration statement.
  7. Underwriting syndicate includes Barclays Capital Inc., Goldman, Sachs & Co., and RBS Securities Inc.

03—Questions

Frequently Asked Questions

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

    This 8-K filing primarily serves to inform investors about Comcast Corporation's upcoming issuance and sale of $2.95 billion in senior notes, scheduled to be consummated on January 14, 2013.

  2. What are the terms of the new notes being issued?

    Comcast is issuing three tranches of notes: $750 million of 2.850% Notes due 2023, $1.7 billion of 4.250% Notes due 2033, and $500 million of 4.500% Notes due 2043. These notes are guaranteed by Comcast's cable subsidiaries.

  3. How is Comcast legally allowed to issue these notes?

    The notes are being offered pursuant to Comcast's existing Registration Statement on Form S-3, filed on February 24, 2012, along with a related prospectus supplement dated January 8, 2013. This means the company had previously registered the potential issuance of these securities.

  4. What does the guarantee from the Cable Guarantors mean for investors?

    The guarantee from Comcast Cable Communications, LLC, Comcast Cable Holdings, LLC, Comcast MO Group, Inc., and Comcast MO of Delaware, LLC means these entities are jointly and severally liable for the debt obligations of the Notes. This provides an additional layer of security for the noteholders.

04—Continue

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