CBS Corp. Announces $700 Million Retail Debt Offering
March 21, 2007 at 5:47 AM (PT)
CBS CORPORATION has announced the pricing of a $700 million retail debt offering of 6.75% senior notes due 2056 at a price equal to 100% of the principal amount thereof. The proceeds will be used to repay some of its senior notes due in MAY and for general corporate purposes.
CITIGROUP GLOBAL MARKETS and MERRILL LYNCH are serving as joint lead and joint book managers, with UBS SECURITIES and WACHOVIA CAPITAL MARKETS as senior co-managers.