Summary
Comcast Corporation (CMCSA) has filed an 8-K report to disclose its intention to redeem its outstanding 3.100% Notes due 2025 and 3.60% Notes due 2024. The total principal amount to be redeemed is $2 billion, comprising $800 million of the 2025 Notes and $1.2 billion of the 2024 Notes. The redemption is scheduled to occur on December 3, 2021. This action indicates a proactive approach by Comcast to manage its debt obligations. Investors should note that while this filing announces the redemption, it is not the official notice of redemption itself. The company will calculate the redemption price according to the terms of the respective indentures, plus any accrued and unpaid interest.
Key Highlights
- 1Comcast announced its intention to redeem $2 billion in aggregate principal amount of its outstanding notes.
- 2The redemption includes the full principal amount of 3.100% Notes due 2025 ($800 million) and 3.60% Notes due 2024 ($1.2 billion).
- 3The redemption is scheduled to take place on December 3, 2021.
- 4The redemption price will be calculated in accordance with the indenture governing the notes, plus accrued and unpaid interest.
- 5This filing serves as a notification of intent, not the official notice of redemption for the bondholders.
- 6The company's Executive Vice President and Treasurer, Jason S. Armstrong, signed the filing.
Frequently Asked Questions
Comcast is redeeming its $800 million aggregate principal amount of 3.100% Notes due 2025 and its $1.2 billion aggregate principal amount of 3.60% Notes due 2024. This totals $2 billion in debt.
The redemption date for both sets of notes is scheduled for December 3, 2021.
The redemption price will be calculated in accordance with the specific indenture governing each series of notes. This will include the principal amount plus any accrued and unpaid interest up to the redemption date.
No, this 8-K filing is a disclosure of the company's intention to redeem. It is not the official notice of redemption that will be sent to the bondholders. The official notice will follow according to the terms of the indentures.