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COMCAST CORP 8-K Report, Corporate Update (Aug 7, 2017)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed August 7, 2017
Period End
August 1, 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. Material agreement8-K · May ’16May ’16
  2. Leadership change8-K · Dec ’18Dec ’18
  3. Material agreement8-K · Mar ’21Mar ’21
  4. Leadership change8-K · Feb ’26Feb ’26

01—Abstract

Summary

Summary of the 8-K filed August 7, 2017. Cited figures are marked; the original filing is the authoritative source.

Comcast Corporation (CMCSA) filed an 8-K report on August 7, 2017, to announce the successful consummation of a significant debt offering.

The company issued and sold $1.65 billiona in 3.150% Notes due 2028 and $850 million in 4.000% Notes due 2047, totaling $2.5 billion in aggregate principal amount. These notes are guaranteed by Comcast Cable Communications, LLC and NBCUniversal Media, LLC, providing an unsecured and unsubordinated guarantee. This move likely aims to bolster liquidity, fund ongoing operations or strategic initiatives, and manage its capital structure.

02—Key points

Key Highlights

  1. Comcast consummated the issuance and sale of $1.65 billion of 3.150% Notes due 2028.
  2. Comcast also issued $850 million of 4.000% Notes due 2047.
  3. The total aggregate principal amount of the Notes issued is $2.5 billion.
  4. The Notes are guaranteed by Comcast Cable Communications, LLC and NBCUniversal Media, LLC on an unsecured and unsubordinated basis.
  5. The offering was made under Comcast's effective Registration Statement on Form S-3 filed on July 28, 2016.
  6. The issuance was facilitated through an underwriting agreement dated August 1, 2017.

03—Questions

Frequently Asked Questions

  1. What was the primary purpose of this filing?

    This 8-K filing was made to announce the consummation of Comcast's debt offering, specifically the issuance and sale of new notes.

  2. How much debt did Comcast raise in this offering?

    Comcast raised a total of $2.5 billion by issuing $1.65 billion in 3.150% Notes due 2028 and $850 million in 4.000% Notes due 2047.

  3. Who guaranteed these new notes?

    The Notes are guaranteed on an unsecured and unsubordinated basis by two of Comcast's subsidiaries: Comcast Cable Communications, LLC and NBCUniversal Media, LLC.

  4. How was this offering structured and registered?

    The notes were offered pursuant to Comcast's effective Registration Statement on Form S-3 filed on July 28, 2016, and a related prospectus supplement dated August 1, 2017, under an underwriting agreement.

04—Continue

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