CBS Corp. Prices Tender Offer For Note Buyback
August 18, 2014 at 3:20 PM (PT)
CBS CORP. has announced the pricing of the previously announced tender offer to buy back any and all of four tranches of notes.
The company's 8.875% senior notes due 2019, aggregate amount $600 million have been priced at $1,296.57 per $1,000 principal of notes. The 7.875% debentures due 2023, in an aggregate amount of $224,268,000, are priced at $1,306.25, while 7.875% senior debentures due 2030 (aggregate $1.25 billion) are at $1,368.11 and CBS BROADCASTING INC. 7.125% senior notes due 2023 (aggregate $52,185,000) are priced at $1,253.24.
The offer expires today unless extended. Settlement, if the tender offer is not extended, is expected for WEDNESDAY.