Viacom Announces the Pricing Terms of Its $1.0 Billion 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 Number |
Acceptance Priority Level |
Reference Security |
Reference |
Fixed |
|
Aggregate |
Aggregate Principal |
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4.500% Senior Debentures due 2042 | 92553PAL6 | 1 |
2.750% UST due |
2.705% | 275 |
|
|
|
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4.875% Senior Debentures due 2043 | 92553PAQ5 | 2 |
2.750% UST due |
2.705% | 275 |
|
|
|
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4.850% Senior Debentures due 2034 | 92553PAZ5 | 3 |
2.750% UST due |
2.705% | 255 |
|
|
|
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3.450% Senior Notes due 2026 |
92553PBB7 | 4 |
2.250% UST due |
2.319% | 170 |
|
|
|
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2.250% Senior Notes due 2022 |
92553PBA9 | 5 |
2.000% UST due |
2.106% | 130 |
|
|
|
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5.250% Senior Debentures due 2044 | 92553PAW2 | 6 |
2.750% UST due |
2.705% | 275 |
|
|
|
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3.250% Senior Notes due 2023 |
92553PAR3 | 7 |
2.000% UST due |
2.106% | 165 |
|
|
|
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3.125% Senior Notes due 2022 |
92553PAM4 | 8 |
2.000% UST due |
2.106% | 145 |
|
|
|
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3.875% Senior Notes due 2024 |
92553PAX0 | 9 |
2.250% UST due |
2.319% | 155 |
|
|
|
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2.750% Senior Notes due 2019 |
92553PAY8 | 10 |
1.500% UST due |
1.807% | 85 |
|
|
|
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4.250% Senior Notes due 2023 |
92553PAT9 | 11 |
2.000% UST due |
2.106% | 185 |
|
|
|
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3.875% Senior Notes due 2021 |
92553PAJ1 | 12 |
2.000% UST due |
2.106% | 125 |
|
|
|
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5.850% Senior Debentures due 2043 | 92553PAU6 | 13 |
2.750% UST due |
2.705% | 290 |
|
|
|
_______________
(1) |
Per |
||
(2) | 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 sell 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
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/20171206006284/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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