Skip to content
AnalystLens

COMCAST CORP 8-K Report, Corporate Update (Jan 10, 2017)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed January 10, 2017
Period End
January 5, 2017
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 January 10, 2017. Cited figures are marked; the original filing is the authoritative source.

Comcast Corporation (CMCSA) filed an 8-K on January 10, 2017, to report the consummation of a significant debt offering that occurred on January 4, 2017.

The company successfully issued and sold $2.5 billiona in aggregate principal amount of notes, split equally between 3.00% Notes due 2024 and 3.30% Notes due 2027. These notes are guaranteed by key subsidiaries, Comcast Cable Communications, LLC and NBCUniversal Media, LLC, on an unsecured and unsubordinated basis.

02—Key points

Key Highlights

  1. Comcast issued $2.5 billion in new debt.
  2. The issuance consisted of $1.25 billion in 3.00% Notes due 2024 and $1.25 billion in 3.30% Notes due 2027.
  3. The debt offering was underwritten by prominent financial institutions including BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, and Wells Fargo Securities, LLC.
  4. The notes are guaranteed by Comcast Cable Communications, LLC and NBCUniversal Media, LLC.
  5. The issuance was made under Comcast's effective shelf registration statement on Form S-3.
  6. The debt was issued pursuant to an existing Indenture dated September 18, 2013, as supplemented.

03—Questions

Frequently Asked Questions

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

    This 8-K filing was made to report the consummation of Comcast's debt issuance, specifically the sale of $2.5 billion in notes.

  2. What is the total amount of debt issued and what are the terms?

    Comcast issued a total of $2.5 billion in aggregate principal amount of notes. This includes $1.25 billion of 3.00% Notes due 2024 and $1.25 billion of 3.30% Notes due 2027.

  3. Are there any guarantees associated with these new notes?

    Yes, the notes are guaranteed on an unsecured and unsubordinated basis by Comcast Cable Communications, LLC and NBCUniversal Media, LLC, which are significant subsidiaries of Comcast.

  4. How was this debt offering conducted?

    The offering was conducted under Comcast's existing shelf registration statement on Form S-3, filed previously. The issuance itself was pursuant to an underwriting agreement dated January 5, 2017.

04—Continue

← View all 8-K filings