debt
confidence high
sentiment neutral
materiality 0.50
Comcast launches debt exchange and tender offers for up to $9.9B of notes
COMCAST CORP
- Exchange offers for Pool 1 (5 series) for New 2037 Notes (cap $1.75B) and Pool 2 (2 series) for New 2038 Notes (cap $2.0B).
- Cash offers for same seven series; both expire Sept 26, 2025; settlement expected Oct 2, 2025.
- Old notes accepted via waterfall by priority; minimum issue $500M per pool.
- New 2037 Notes: mature Jan 15, 2037, coupon = 4.25% UST + 100 bps; New 2038 Notes: Jan 15, 2038, coupon = 4.25% UST + 105 bps.
- Exchange offers limited to eligible holders who certify; cash offers for other holders.