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COMCAST CORP 8-K Report, Corporate Update (Feb 8, 2018)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed February 8, 2018
Period End
February 1, 2018
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 February 8, 2018. Cited figures are marked; the original filing is the authoritative source.

Comcast Corporation (CMCSA) filed an 8-K report on February 8, 2018, detailing the successful consummation of a significant debt offering.

The company issued and sold a total of $3.2 billiona in aggregate principal amount of notes across three tranches: $1 billion of 3.550% notes due 2028, $1.2 billion of 3.900% notes due 2038, and $1 billion of 4.000% notes due 2048. These notes are guaranteed on an unsecured and unsubordinated basis by Comcast Cable Communications, LLC and NBCUniversal Media, LLC. This debt issuance provides Comcast with substantial capital, which can be utilized for various corporate purposes, including funding ongoing operations, potential acquisitions, capital expenditures, or refinancing existing debt.

The offering was made under Comcast's effective shelf registration statement, indicating a well-established framework for capital markets access. Investors should note the interest rates and maturity dates, which reflect the company's cost of borrowing for these long-term obligations.

02—Key points

Key Highlights

  1. Comcast successfully issued and sold $3.2 billion in aggregate principal amount of senior notes.
  2. The notes are divided into three tranches: $1 billion (3.550% due 2028), $1.2 billion (3.900% due 2038), and $1 billion (4.000% due 2048).
  3. The debt offering was consummated on January 31, 2018, and reported on February 8, 2018.
  4. The notes are guaranteed by Comcast Cable Communications, LLC and NBCUniversal Media, LLC.
  5. The issuance was conducted under Comcast's existing shelf registration statement (Form S-3).
  6. This debt issuance signifies Comcast's continued access to capital markets for funding.

03—Questions

Frequently Asked Questions

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

    This 8-K filing announces the consummation of Comcast's issuance and sale of $3.2 billion aggregate principal amount of notes. It details the specific amounts, interest rates, and maturity dates of these notes, as well as the guarantors.

  2. How much capital did Comcast raise through this offering?

    Comcast raised a total of $3.2 billion through the issuance of these notes.

  3. Who guarantees these new notes?

    The notes are guaranteed on an unsecured and unsubordinated basis by Comcast Cable Communications, LLC and NBCUniversal Media, LLC.

  4. What are the maturities and interest rates of the new notes?

    The notes consist of $1 billion of 3.550% Notes due 2028, $1.2 billion of 3.900% Notes due 2038, and $1 billion of 4.000% Notes due 2048.

04—Continue

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