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COMCAST CORP 8-K Report, Corporate Update (Feb 12, 2018)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed February 12, 2018
Period End
February 12, 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 12, 2018. Cited figures are marked; the original filing is the authoritative source.

Comcast Corporation (CMCSA) announced on February 12, 2018, the successful consummation of the issuance and sale of $800 milliona aggregate principal amount of 4.250% Notes due 2053.

These notes are guaranteed on an unsecured and unsubordinated basis by Comcast Cable Communications, LLC and NBCUniversal Media, LLC. This issuance, facilitated through a subscription agreement and pursuant to Comcast's existing shelf registration statement, allows the company to raise substantial capital at a fixed interest rate. Investors should note that the details of the notes, including their material terms and conditions, are incorporated by reference into various previously filed documents with the SEC, including the Base Indenture and First Supplemental Indenture, as well as a Form of Officers' Certificate.

02—Key points

Key Highlights

  1. Comcast successfully issued and sold $800 million in aggregate principal amount of 4.250% Notes due 2053.
  2. The issuance occurred on February 12, 2018.
  3. The notes are guaranteed by Comcast Cable Communications, LLC and NBCUniversal Media, LLC.
  4. The guarantees are on an unsecured and unsubordinated basis.
  5. The offering was made under Comcast's existing Form S-3 shelf registration statement.
  6. The terms of the notes are detailed in an Officers' Certificate and incorporated indentures.

03—Questions

Frequently Asked Questions

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

    This 8-K filing is primarily to report the consummation of the issuance and sale of $800 million of 4.250% Notes due 2053 by Comcast Corporation.

  2. Who is backing these new notes?

    The notes are guaranteed on an unsecured and unsubordinated basis by Comcast Cable Communications, LLC and NBCUniversal Media, LLC, both significant subsidiaries of Comcast Corporation.

  3. Where can I find more detailed information about the terms of these notes?

    Detailed information about the material terms and conditions of the notes can be found in the Form of Officers' Certificate (Exhibit 4.1) filed with this 8-K, as well as the Base Indenture (Exhibit 4.3) and First Supplemental Indenture (Exhibit 4.4), which are incorporated by reference into Comcast's Registration Statement on Form S-3 filed on July 28, 2016.

  4. How does this debt issuance impact Comcast's financial position?

    This issuance effectively raises $800 million in capital for Comcast at a fixed interest rate of 4.250%. While this increases the company's debt obligations, it also provides funds that can be used for various corporate purposes, such as funding operations, capital expenditures, or strategic initiatives, without immediately increasing interest expense variability.

04—Continue

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