By Aleesia Forni
Virginia Beach, Va., Aug. 12 - Viacom Inc. priced $3 billion of notes (Baa2/BBB/BBB+) in three tranches on Monday, an informed source said.
The company priced $500 million 2.5% notes due 2018 at a spread of 125 basis points over Treasuries.
There was also $1.25 billion of 4.25% notes due 2023 priced with a spread of 178 bps over Treasuries.
Finally, a $1.25 billion tranche of 5.85% 30-year bonds sold at Treasuries plus 220 bps.
Full terms were not available at press time.
Proceeds will be used for general corporate purposes.
The entertainment company is based in New York City.
| Issuer: | Viacom Inc.
|
| Issue: | Notes
|
| Amount: | $3 billion
|
| Bookrunners: | BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBS Securities Inc.
|
| Trade date: | Aug. 12
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB
|
| Fitch: BBB+
|
|
|
| Five-year notes
|
| Amount: | $500 million
|
| Maturity: | 2018
|
| Coupon: | 2.5%
|
| Spread: | Treasuries plus 125 bps
|
|
|
| 10-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | 2023
|
| Coupon: | 4.25%
|
| Spread: | Treasuries plus 178 bps
|
|
|
| 30-year bonds
|
| Amount: | $1.25 billion
|
| Maturity: | 2043
|
| Coupon: | 5.85%
|
| Spread: | Treasuries plus 220 bps
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
