Comcast, NBCUniversal launch tender offers for floaters due 2021

By Marisa Wong

Los Angeles, June 11 – Comcast Corp. has begun a cash tender offer to purchase any and all of its $1 billion outstanding floating-rate notes due 2021 (Cusip: 20030NCW9), and subsidiary NBCUniversal Enterprise, Inc. has begun a cash tender offer to purchase any and all of its outstanding $1.5 billion senior floating-rate notes due 2021 (Cusip: 63946CAG3), according to a press release.

The purchase price for each $1,000 principal amount of tendered notes is $1,006 for the Comcast notes and $1,003.50 for the NBCUniversal notes.

Holders whose notes are accepted for purchase will also receive accrued interest up to but excluding the settlement date.

The tender offers will expire at 5 p.m. ET on June 17. Tenders may be withdrawn at any time at or prior to the expiration time.

The deadline for tenders under guaranteed delivery procedures is June 19.

Settlement is expected to be on June 22.

The tender offers are not conditioned on any minimum amount of notes being tendered.

Goldman Sachs & Co. LLC (212 357-1452 or 800 828-3182) and MUFG Securities Americas Inc. (212 405-7481 or 877 744-4532) are joint dealer managers for the tender offers.

D.F. King & Co., Inc. (212 269-5550 for banks and brokers or 866 530-8623 for all others, cmcsa@dfking.com, https://www.dfking.com/cmcsa) is the tender and information agent.

Comcast is a media and technology company based in Philadelphia.

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