Viacom Announces the Pricing Terms of Its Cash Tender Offers for Certain Outstanding Debt Securities
The total consideration to be paid in the Offers for each series of
Securities validly tendered and accepted for purchase was determined by
reference to the applicable fixed spread over the yield to maturity
based on the bid side price of the applicable
The following table sets forth certain information regarding the Securities and the Offers:
Title of Security |
CUSIP |
Acceptance |
Reference |
Reference |
Fixed |
Total |
Tender Cap(2) |
Aggregate |
Aggregate |
|||||||||||||||||||||||||||||||
2.750% Senior Notes |
92553PAY8 | 1 |
1.250% UST due |
1.285% | 80 | $ | 1,015.77 | $ | 150,000,000 | $ | 257,910,000 | $ | 147,655,000 | |||||||||||||||||||||||||||
5.625% Senior Notes |
92553PAD4 | 2 |
1.250% UST due |
1.285% | 80 | $ | 1,078.31 | $ | 201,688,000 | $ | 0 | |||||||||||||||||||||||||||||
4.500% Senior Debentures |
92553PAL6 | 3 |
3.000% UST due |
2.822% | 230 | $ | 913.26 | N/A | $ | 145,925,000 | $ | 145,925,000 | ||||||||||||||||||||||||||||
4.875% Senior Debentures |
92553PAQ5 | 4 |
3.000% UST due |
2.822% | 230 | $ | 964.69 | N/A | $ | 212,732,000 | $ | 212,732,000 | ||||||||||||||||||||||||||||
3.450% Senior Notes |
92553PBB7 | 5 |
2.375% UST due |
2.163% | 165 | $ | 971.69 | N/A | $ | 305,965,000 | $ | 305,965,000 | ||||||||||||||||||||||||||||
2.250% Senior Notes |
92553PBA9 | 6 |
1.875% UST due |
1.725% | 100 | $ | 979.31 | N/A | $ | 210,377,000 | $ | 210,377,000 | ||||||||||||||||||||||||||||
4.850% Senior Debentures |
92553PAZ5 | 7 |
3.000% UST due |
2.822% | 200 | $ | 1,003.21 | N/A | $ | 351,579,000 | $ | 8,174,000 | ||||||||||||||||||||||||||||
3.250% Senior Notes |
92553PAR3 | 8 |
1.875% UST due |
1.725% | 150 | $ | 1,001.25 | N/A | $ | 113,655,000 | $ | 0 | ||||||||||||||||||||||||||||
5.250% Senior Debentures |
92553PAW2 | 9 |
3.000% UST due |
2.822% | 230 | $ | 1,018.31 | N/A | $ | 248,551,000 | $ | 0 | ||||||||||||||||||||||||||||
3.125% Senior Notes |
92553PAM4 | 10 |
1.875% UST due |
1.725% | 120 | $ | 1,008.88 | N/A | $ | 100,766,000 | $ | 0 | ||||||||||||||||||||||||||||
3.875% Senior Notes |
92553PAX0 | 11 |
2.375% UST due |
2.163% | 145 | $ | 1,015.20 | N/A | $ | 158,074,000 | $ | 0 | ||||||||||||||||||||||||||||
4.250% Senior Notes |
92553PAT9 | 12 |
1.875% UST due |
1.725% | 165 | $ | 1,047.08 | N/A | $ | 220,334,000 | $ | 0 |
_______________ | ||
(1) |
Per |
|
(2) |
The tender cap of |
|
(3) |
As of the Early Tender Deadline. |
|
Securities not accepted for purchase will be promptly credited to the
account of the registered holder of such Securities with
All payments for Securities purchased in connection with the Early
Tender Deadline will also include accrued and unpaid interest on the
principal amount of Securities tendered from the last interest payment
date applicable to the relevant series of Securities up to, but not
including, the early settlement date, which is currently expected to be
Although the Offers are scheduled to expire at
Information Relating to the Offers
This press release is for informational purposes only and is not an
offer to buy or the solicitation of an offer to sell with respect to any
securities. The solicitation of offers to buy the Securities is only
being made pursuant to the terms of the Offer to Purchase and the
related Letter of Transmittal. The offer is not being made in any
jurisdiction in which the making or acceptance thereof would not be in
compliance with the securities, blue sky or other laws of such
jurisdiction. None of
About
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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
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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
news releases and filings with the
View source version on businesswire.com: http://www.businesswire.com/news/home/20170602005891/en/
Press:
Senior Manager, Corporate Communications
alex.rindler@viacom.com
or
Investors:
Senior Vice President, Investor Relations
james.bombassei@viacom.com
or
Vice President, Assistant Treasurer
lou.converse@viacom.com
Source:
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