Comcast Buying $2.5 Billion of its Long-Term Debt

Comcast June 11 announced that it is offering to purchase any and all of its outstanding “Floating Rate Notes” (due 2021), and together with subsidiary NBCUniversal Enterprise, has commenced a cash tender offer to purchase any and all of its outstanding “Senior Floating Rate Notes” (due 2021).

The purchase price for each $1,000 principal amount of each note validly tendered and accepted for purchase pursuant to the tender offers ranges from $1,006 to 1,003.50.

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All holders whose notes are accepted for purchase will also receive accrued and unpaid interest on the purchased notes from the last interest payment date up to the settlement date.

The tender offers will expire at 5 p.m. ET on June 17, unless extended or earlier terminated. Holders who have validly tendered their notes may withdraw such notes at any time at or prior to the expiration time.

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