logo
Share SHARE
FONT-SIZE Plus   Neg

CBS Prices Debt Offering Of $700 Mln Of 3.375% Senior Notes Due 2022

CBS Corp. (CBS: Quote, CBS_A) announced the pricing of a debt offering of $700 million of 3.375% senior notes due 2022.

The company said that it intends to use the net proceeds from this offering, after deducting related fees and expenses, to repurchase or repay outstanding indebtedness, including the redemption of some or all of its $700 million of outstanding 6.75% senior notes due 2056. The remaining net proceeds, if any, will be used for general corporate purposes.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
American Airlines Group said pilots at its subsidiaries American Airlines and US Airways, represented by Allied Pilots Association, have approved a new five-year contract which provides immediate pay raises of 23 percent and subsequent annual raises of three percent for the next five years. LEGO Group, TT Games and Warner Bros. Interactive Entertainment have announced their 2015 slate of video games, including LEGO Jurassic World, LEGO Marvel's Avengers, and as well as new hand-held and mobile titles. Social-networking giant Facebook, Inc. is said to be testing their new 'Place Tips' feature for iOS users that will rival a similar service being provided by Yelp or Foursquare. The feature will provide the user relevant content about their location as long as they are there through pop ups on their news feed page of Facebook.
comments powered by Disqus
RELATED NEWS
Trade CBS now with 
Follow RTT