By Jill Goldsmith ViacomCBS is the latest media conglom to tap the debt market, announcing plans to raise $2.5 billion by selling notes.
Disney raised $6 billion last week and Comcast $4 billion earlier this week as companies in – relatively – strong positions look to build up a cash cushion against the uncertain economics of a spreading coronavirus pandemic.
ViacomCBS will sell $1.25 billion 4.75% senior notes due 2025 and $1.25 billion in 4.95% senior notes due 2031. The sale is expected to close on April 1.
ViacomCBS said it intends to use the net proceeds from the offering for general corporate purposes, which may include repayment of outstanding indebtedness.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.