CBS Corp. Announces Expiration Of Cash Tender Offer
May 18, 2009 at 6:06 AM (PT)
CBS CORPORATION announced TODAY (5/18) the expiration of its tender offer to purchase for cash any and all of its outstanding 7.70% Senior Notes due 2010. The offer expired at 5p EST on MAY 15th. As of the Expiration Date, $825,548,000 aggregate principal amount of outstanding Notes had been validly tendered and accepted.
As announced on MAY 8th, the purchase price is $1,035 per $1,000 principal amount of the Notes tendered and accepted for payment. CBS will also pay accrued and unpaid interest on the Notes accepted in the Offer up to, but not including, the Settlement Date. The Settlement Date is expected to be MAY 18th.