$700M Senior Notes Offering for CBS

By on Jul, 6 2016 with Comments 0

CBSCBS Corporation priced a debt offering of $700 million of 2.90% senior notes due 2027. The sale is expected to close on July 11.

Among other things, CBS intends to use the proceeds for general corporate purposes such as the repurchase of outstanding CBS common stock shares and to repay short-term loans.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities USA Inc., and RBC Capital Markets, LLC are managing the offering.

 

About The Author: Leslie Stimson has been a reporter for 35+ years, starting in radio news. She’s spent the last 20 years reporting for radio trades.

Comments are closed.