Comcast Corporation (Nasdaq: CMCSA) ("Comcast") and NBCUniversal Media, LLC ("NBCUniversal") announced today the commencement of a private offer to exchange (the "Exchange Offer") new series of Comcast senior notes for up to $4.0 billion in aggregate principal amount (the "Old Notes Cap") of certain series of existing Comcast and NBCUniversal notes (the "Old Notes") described in the table below. Subject to the Old Notes Cap, the aggregate principal amount of Old Notes that are accepted for exchange will be based on the order of acceptance priority for such series as set forth in the table below (the "Acceptance Priority Levels"), and such that the aggregate principal amount of Old Notes accepted in the Exchange Offer results in the issuance of new notes due November 1, 2047 (the "New 2047 Notes") in an aggregate principal amount not exceeding $2.0 billion (the "2047 Notes Cap"), new notes due November 1, 2049 (the "New 2049 Notes") in an aggregate principal amount not exceeding $2.0 billion (the "2049 Notes Cap") and new notes due November 1, 2052 (the "New 2052 Notes" and, together with the New 2047 Notes and the New 2049 Notes, the "New Notes") in an aggregate principal amount not exceeding $1.5 billion (the "2052 Notes Cap"). Subject to the Old Notes Cap, validly tendered Old Notes will be accepted for exchange in accordance with the Acceptance Priority Levels first into New 2047 Notes, until the 2047 Notes Cap is reached, then into New 2049 Notes, until the 2049 Notes Cap is reached, and finally into New 2052 Notes, until the 2052 Notes Cap is reached (the "New Notes Waterfall"). The New Notes will be guaranteed by NBCUniversal and Comcast Cable Communications, LLC. Click here for more.
from Cellular News http://bit.ly/2xZZtH3
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