Skip to content
AnalystLens

COMCAST CORP 8-K Report, Corporate Update (Mar 30, 2016)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed March 30, 2016
Period End
March 22, 2016
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. Leadership change8-K · Dec ’18Dec ’18
  2. Material agreement8-K · Mar ’21Mar ’21
  3. Leadership change8-K · Feb ’26Feb ’26

01—Abstract

Summary

Summary of the 8-K filed March 30, 2016. Cited figures are marked; the original filing is the authoritative source.

Comcast Corporation (CMCSA) filed an 8-K on March 30, 2016, to report the consummation of a debt offering.

The company issued and sold $350 milliona in aggregate principal amount of 2.75% Notes Due 2023 and $700 million in aggregate principal amount of 3.15% Notes Due 2026, totaling $1.05 billion in new debt. These notes are guaranteed by Comcast Cable Communications, LLC and NBCUniversal Media, LLC. The issuance represents a further offering of existing note series, previously issued on February 23, 2016.

This debt financing was conducted under Comcast's existing shelf registration statement. The proceeds from this offering are not explicitly stated in this filing but are generally used by companies for general corporate purposes, capital expenditures, or to refinance existing debt.

02—Key points

Key Highlights

  1. Comcast issued $1.05 billion in aggregate principal amount of new notes.
  2. The debt offering consisted of $350 million of 2.75% Notes Due 2023.
  3. The debt offering also included $700 million of 3.15% Notes Due 2026.
  4. The newly issued notes are guaranteed by Comcast Cable Communications, LLC and NBCUniversal Media, LLC.
  5. This issuance is a further offering of existing note series that were first sold in February 2016.
  6. The offering was made under Comcast's Form S-3 shelf registration statement.

03—Questions

Frequently Asked Questions

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

    The primary purpose of this 8-K filing was to report that Comcast Corporation successfully completed the issuance and sale of $1.05 billion in aggregate principal amount of new senior notes.

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

    Comcast issued $350 million of 2.75% Notes Due 2023 and $700 million of 3.15% Notes Due 2026. These notes are guaranteed on an unsecured and unsubordinated basis by Comcast Cable Communications, LLC and NBCUniversal Media, LLC.

  3. Were these notes a new type of debt for Comcast?

    No, these notes represent a further issuance of existing note series. The 2023 notes are a continuation of the 2.75% Notes Due 2023 first issued on February 23, 2016, and the 2026 notes are a continuation of the 3.15% Notes Due 2026 first issued on February 23, 2016.

  4. How was this debt offering conducted?

    The debt offering was conducted under Comcast's shelf registration statement on Form S-3, filed on September 18, 2013, and subsequent amendments. The issuance was pursuant to an underwriting agreement dated March 22, 2016.

04—Continue

← View all 8-K filings