Viacom sets guidance for $1.4 billion three-part notes offer; pricing Tuesday

By Aleesia Forni

Virginia Beach, March 4 -Viacom Inc. announced price guidance for its planned sale of $1.4 billion of notes (Baa2/BBB/) in three maturities on Tuesday, a market source said.

The sale will include five-year notes, which are guided at 80 basis points to 85 bps over Treasuries.

A tranche of notes due 2024 is being guided at Treasuries plus 145 bps to 150 bps, while a 30-year tranche carries guidance of 175 bps to 180 bps over Treasuries.

The bookrunners are Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, Wells Fargo Securities LLC, Mizuho Securities USA Inc. and SMBC Nikko.

Proceeds will be used for general corporate purposes, according to a 424B3 filed with the Securities and Exchange Commission.

The entertainment company is based in New York City.

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