Viacom Announces $1.3 Billion Subordinated Debt Offering
Viacom intends to use the net proceeds from the offering primarily for
the repayment of outstanding indebtedness, which includes the repayment,
in whole or in part, of up to
The joint structuring agents and book-running managers for the offering
are
The Debentures, which constitute unsecured subordinated indebtedness of
The terms and conditions of the Debentures are set forth in a
prospectus, which can be obtained by contacting Viacom Investor
Relations at 1-800-516-4399 or by written request to Viacom Inc., 1515
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This news release contains both historical and forward-looking
statements. All statements that are not statements of historical fact
are, or may be deemed to be, forward-looking statements. Forward-looking
statements reflect our current expectations concerning future results,
objectives, plans and goals, and involve known and unknown risks,
uncertainties and other factors that are difficult to predict and which
may cause future results, performance or achievements to differ. These
risks, uncertainties and other factors include, among others: the effect
of recent changes in management and our board of directors; the ability
of our recently-announced strategic initiatives to achieve their
operating objectives; the public acceptance of our brands, programs,
motion pictures and other entertainment content on the various platforms
on which they are distributed; the impact of inadequate audience
measurement on our program ratings and advertising and affiliate
revenues; technological developments and their effect in our markets and
on consumer behavior; competition for content, audiences,
advertising and distribution; the impact of piracy; economic
fluctuations in advertising and retail markets, and economic conditions
generally; fluctuations in our results due to the timing, mix, number
and availability of our motion pictures and other programming; the
potential for loss of carriage or other reduction in the distribution of
our content; changes in the Federal communications or other laws and
regulations; evolving cybersecurity and similar risks; other domestic
and global economic, business, competitive and/or regulatory factors
affecting our businesses generally; and other factors described in our
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Press:
Senior
Manager,
alex.rindler@viacom.com
or
Investors:
Senior Vice President, Investor Relations
james.bombassei@viacom.com
or
Vice President, Investor Relations
kareem.chin@viacom.com
Source:
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