ViacomCBS Inc. (“ViacomCBS”) /zigman2/quotes/200340870/composite VIAC -1.02% /zigman2/quotes/206702514/composite VIACA +0.17% today announced that it would redeem all of its remaining outstanding 3.875% senior notes due December 15, 2021 (the “2021 senior notes”) on July 10, 2020, the redemption date.
The redemption price for the 2021 senior notes is equal to the sum of 100% of the principal amount of the 2021 senior notes that remain outstanding, the make-whole amount calculated in accordance with the terms of the 2021 senior notes and the related indenture under which the 2021 senior notes were issued, and the accrued and unpaid interest on the remaining 2021 senior notes up to, but excluding, the redemption date of July 10, 2020. The aggregate principal amount of the 2021 senior notes that will remain outstanding on June 11, 2020 (the final settlement date for ViacomCBS’ previously-announced cash tender offers for certain of its and its subsidiaries’ outstanding senior notes and debentures, which expired on June 9, 2020) is $340,397,000.
Holders owning 2021 senior notes through a broker, bank, or other nominee should contact that party for information. For more information, holders of the 2021 senior notes may call the paying agent for the redemption of the 2021 senior notes, The Bank of New York Mellon at (800) 254-2826.
ViacomCBS /zigman2/quotes/200340870/composite VIAC -1.02% /zigman2/quotes/206702514/composite VIACA +0.17% is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, its portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, CBS All Access, Pluto TV and Simon & Schuster, among others. The company delivers the largest share of the US television audience and boasts one of the industry’s most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, ViacomCBS provides powerful capabilities in production, distribution and advertising solutions for partners on five continents.
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SOURCE: VIACOMCBS INC.
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