8-KOther EventsExhibits & Filings

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

Filed March 30, 2016For Securities:CMCSACCZ

Summary

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 million 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.

Key Highlights

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

Frequently Asked Questions

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.

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.

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.

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.