Jill Goldsmith Co-Business EditorNBCUniversal parent Comcast said Tuesday it’s raising $4.5 billion in fresh cash by selling three tranches of notes and will use net proceeds from the offering entirely to refinance outstanding debt.Interest rates on the new bond sales, of $1.75 billion, $1.5 billion and $1.25 billion, are, respectively 1.5%, 2.45% and 2.65% (lower than rates on the outstanding debt).
The nation’s healthiest companies, with strong credit ratings, have switched from fear selling early in the coronavirus pandemic when they were raising cash for a cushion to see them through the COVID-19 crisis.
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