8-KOther EventsExhibits & Filings

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

Filed February 12, 2018For Securities:CMCSACCZ

Summary

Comcast Corporation (CMCSA) announced on February 12, 2018, the successful consummation of the issuance and sale of $800 million 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.

Key Highlights

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

Frequently Asked Questions

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.

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.

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.

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.