CBS prices offering of $500M worth of 5.75 percent senior notes due 2020
By APTuesday, March 30, 2010
CBS prices offering of $500M worth of debt
NEW YORK — CBS Corp. said Tuesday that it priced an offering of $500 million worth of 5.75 percent senior notes due in 2020.
The media company said it plans to use proceeds from the offering toward a partial cash tender of its 6.625 notes due on May 15, 2011; 8.625 percent debentures due Aug. 1, 2012, and 5.625 percent notes due Aug. 15, 2012. It also will use proceeds for general corporate uses.
Deutsche Bank Securities Inc., Morgan Stanley & Co., RBS Securities Inc., Banc of America Securities LLC and UBS Securities LLC were the joint book managers for the debt offering.
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