Viacom Offers New Debt Offering
February 23, 2012 at 6:05 PM (PT)
VIACOM has agreed to sell $500 million in aggregate principal amount of 1.250% senior notes due 2015 at a price equal to 99.789% of the principal amount and $250 million in aggregate principal amount of 4.500% senior debentures due 2042 at a price equal to 98.063% of the principal amount thereof. The sale of the Senior Notes and the Senior Debentures is expected to close on FEBRUARY 28th, 2012.
VIACOM intends to use the net proceeds from the offering for general corporate purposes, including, but not limited to, the repayment of outstanding indebtedness and the repurchase of shares under its share repurchase program.