New York, May 19, 2015 -- Moody's Investors Service assigned an A3 rating to Comcast Corporation's ("Comcast" -- A3 senior unsecured, positive outlook) new bond offering, split in 10 year, 20 year and 30 year maturities. Proceeds from the bonds issuance will be used for general corporate purposes, which may include repayment of $673 million 8.75% notes due August 2015, $750 million 5.85% notes due November 2015, $1 billion 5.9% notes due March 2016, $1 billion 2.875% notes due April 2016, $750 million 4.95% notes due June 2016 and a portion of borrowings outstanding under the company's commercial paper program. The bonds will be issued by Comcast, the ultimate parent, and will rank equally with all other unsecured and unsubordinated indebtedness of the company. The bonds will be guaranteed by the Cable Guarantors (cable holding company subsidiaries) and NBCUniversal Media, LLC. Since most of the proceeds from the bonds issuance are expected to be used to repay outstanding debt, the transaction is essentially leverage-neutral and will not materially impact the company's debt-to-EBITDA ratio. The rating outlook for Comcast is positive.

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