Viacom Announces Early Tender Results of Its $1.0 Billion Cash Tender Offers for Certain Outstanding Debt Securities
| Title of Security | CUSIP Number |
Acceptance Priority Level |
Aggregate Principal Amount Outstanding Prior to the Offers |
Aggregate Principal Amount Tendered(1) |
|||||||
| 4.500% Senior Debentures due 2042 | 92553PAL6 | 1 | $ | 104,075,000 | $ | 41,238,000 | |||||
| 4.875% Senior Debentures due 2043 | 92553PAQ5 | 2 | $ | 37,268,000 | $ | 5,109,000 | |||||
| 4.850% Senior Debentures due 2034 | 92553PAZ5 | 3 | $ | 591,826,000 | $ | 307,481,000 | |||||
| 3.450% Senior Notes due 2026 | 92553PBB7 | 4 | $ | 594,035,000 | $ | 115,042,000 | |||||
| 2.250% Senior Notes due 2022 | 92553PBA9 | 5 | $ | 189,623,000 | $ | 86,601,000 | |||||
| 5.250% Senior Debentures due 2044 | 92553PAW2 | 6 | $ | 550,000,000 | $ | 202,377,000 | |||||
| 3.250% Senior Notes due 2023 | 92553PAR3 | 7 | $ | 300,000,000 | $ | 118,390,000 | |||||
| 3.125% Senior Notes due 2022 | 92553PAM4 | 8 | $ | 300,000,000 | $ | 104,625,000 | |||||
| 3.875% Senior Notes due 2024 | 92553PAX0 | 9 | $ | 550,000,000 | $ | 152,544,000 | |||||
| 2.750% Senior Notes due 2019 | 92553PAY8 | 10 | $ | 252,345,000 | $ | 65,538,000 | |||||
| 4.250% Senior Notes due 2023 | 92553PAT9 | 11 | $ | 1,250,000,000 | $ | 385,325,000 | |||||
| 3.875% Senior Notes due 2021 | 92553PAJ1 | 12 | $ | 600,000,000 | $ | 204,627,000 | |||||
| 5.850% Senior Debentures due 2043 | 92553PAU6 | 13 | $ | 1,250,000,000 | $ | 240,996,000 | |||||
|
_______ |
||
| (1) | As of the Early Tender Deadline. | |
The principal amount of each series of Securities listed in the table
above ultimately accepted for purchase will depend upon the
determination of the consideration to be paid in the Offers for each
series of Securities validly tendered and accepted for purchase as
described in the Offer to Purchase (the "Total Consideration"), at
Securities not accepted for purchase will be promptly credited to the
account of the registered holder of such Securities with
Holders of Securities validly tendered and not validly withdrawn on or
prior to the Early Tender Deadline will be eligible to receive the Total
Consideration, which includes an early tender premium of
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.
About
Cautionary Statement Concerning Forward-Looking Statements
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 public
acceptance of our brands, programs, motion pictures and other
entertainment content on the various platforms on which they are
distributed; technological developments, alternative content offerings
and their effects in our markets and on consumer behavior; the potential
for loss of carriage or other reduction in the distribution of our
content; economic fluctuations in advertising and retail markets, and
economic conditions generally; the impact of inadequate audience
measurement on our program ratings and advertising and affiliate
revenues; significant changes in our senior leadership and the ability
of our recently-announced strategic initiatives to achieve their
operating objectives; evolving cybersecurity and similar risks; the
impact of piracy; increased costs for programming, motion pictures and
other rights; the loss of key talent; competition for content,
audiences, advertising and distribution; fluctuations in our results due
to the timing, mix, number and availability of our motion pictures and
other programming; other domestic and global economic, political,
business, competitive and/or regulatory factors affecting our businesses
generally; changes in the Federal communications or other laws and
regulations; and other factors described in our news releases and
filings with the
View source version on businesswire.com: http://www.businesswire.com/news/home/20171206005337/en/
Press:
Senior Manager, Corporate Communications
alex.rindler@viacom.com
Investors:
Senior Vice President, Investor Relations
james.bombassei@viacom.com
or
Vice President, Assistant Treasurer
lou.converse@viacom.com
Source:
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