Comcast Corporation has completed private offers to exchange several existing notes for new notes totaling $691,967,000, which will mature on January 15, 2037. The new notes will carry an interest rate of 5.168% per year, with interest payments scheduled for January 15 and July 15, starting in 2026. The issuance is part of a larger transaction involving up to $1.75 billion in aggregate principal amount of new notes.
The new notes are guaranteed by Comcast Cable Communications, LLC and NBCUniversal on an unsecured and unsubordinated basis. Comcast has also entered into a registration rights agreement to facilitate a registered offer for exchanging the new notes under certain conditions. These new notes have not been registered under the U.S. Securities Act, meaning they cannot be offered or sold unless exempt from registration requirements.
linkOct 02, 2025 16:42:39
Comcast Corporation has announced the final results of its Pool 1 Exchange Offers and Pool 1 Cash Offers, which involved the exchange of outstanding notes for newly issued 5.168% Notes due 2037. The Pool 1 Exchange Offers expired on September 26, 2025, with a settlement date expected on October 2, 2025. Comcast plans to issue approximately $692 million in New 2037 Notes, having satisfied the necessary conditions for the exchange offers.
Additionally, Comcast confirmed that the conditions for the Pool 1 Cash Offers were also met. These cash offers, which were available to certain note holders, expired simultaneously with the exchange offers, and the settlement date is anticipated to be October 2, 2025. The company has engaged Global Bondholder Services Corporation as the Information and Exchange Agent for both offers, and the New 2037 Notes will not be registered under the Securities Act, limiting their sale in the United States.
linkOct 01, 2025 08:15:41
Comcast Corporation has announced the final results of its Pool 1 Exchange Offers and Pool 1 Cash Offers, which involved exchanging outstanding notes for newly issued 5.168% Notes due 2037. The Pool 1 Exchange Offers expired on September 26, 2025, and Comcast is expected to issue approximately $692 million in New 2037 Notes. All necessary conditions for the exchange offers have been satisfied, and the settlement date is anticipated to be October 2, 2025.
In addition to the exchange offers, Comcast has completed cash offers for the same series of notes, which also expired on September 26, 2025. The completion conditions for these cash offers have been met, and the settlement date is similarly expected on October 2, 2025. The new notes will not be registered under the Securities Act, meaning they cannot be offered or sold in the U.S. without registration or an exemption.
linkOct 01, 2025 08:15:41
Comcast Corporation announced that Michael J. Cavanagh will be appointed Co-Chief Executive Officer, effective January 2026. He will work alongside Brian L. Roberts, who remains Chairman and Co-CEO. Cavanagh, who joined Comcast in 2015 as Chief Financial Officer and currently serves as President, will also be appointed to the Board of Directors at that time.
In his previous role at JPMorgan Chase, Cavanagh was Co-CEO of the Corporate & Investment Bank and served as CFO during a critical period for the company. His extensive experience in financial services is expected to support Comcast's strategic growth initiatives. The leadership transition is framed as part of the company's efforts to navigate changes in the media and technology landscape.
linkSep 29, 2025 10:01:39
Comcast Corporation has announced the results of its debt exchange offers and cash offers for various series of notes, including 4.150% Notes due 2028 and 4.550% Notes due 2029. The company expects to issue approximately $714 million in New 2037 Notes in exchange for validly tendered Pool 1 Notes. The Amended Pool 2 Exchange Offers will expire on October 3, 2025, and Comcast has the discretion to waive or increase the maximum amount of New 2037 Notes issued. The exchange offers are subject to specific conditions outlined in the offering documents.
Additionally, Comcast has initiated cash offers for the same series of notes, with participation limited to holders who are not eligible for the exchange offers. The cash offers are governed by the terms set forth in the Offer to Purchase dated September 22, 2025, and require participants to certify their eligibility. The company will terminate any exchange offer if the corresponding cash offer is also terminated, ensuring that both offers are interconnected.
linkSep 29, 2025 08:10:57
Comcast Corporation has announced the pricing terms for its seven separate private offers to exchange outstanding notes for newly issued notes with interest rates of 5.168% due in 2037 and 5.218% due in 2038. The exchange offers will expire on September 26, 2025, and the settlement date is expected to be October 2, 2025. Eligible holders who participate will receive a total exchange price for their old notes, along with accrued interest payments.
Additionally, Comcast has disclosed terms for cash offers for the same series of old notes, which will also expire on September 26, 2025, with a similar settlement date of October 2, 2025. Holders who participate in these cash offers will receive a total consideration in cash and accrued interest payments. Both offers are subject to specific conditions, and the company reserves the right to waive certain conditions as permitted by law.
linkSep 26, 2025 16:17:28
Comcast Corporation has announced the commencement of two transactions aimed at repurchasing seven series of its outstanding notes. The first involves private exchange offers for the Old Notes in exchange for newly issued debt securities, with a deadline set for September 26, 2025. The exchange will follow a priority system based on acceptance levels, and Comcast has specified maximum amounts for the new notes being issued. Eligible holders must complete an eligibility certification to participate in these exchanges.
The second transaction consists of cash offers for the same series of Old Notes, available to holders who are not eligible for the exchange offers. Similar to the exchange offers, the cash offers will also follow a priority acceptance level and will be subject to specific conditions and maximum amounts. Comcast has laid out the terms for both transactions in related offering documents, which include details on pricing and eligibility requirements for participants.
linkSep 22, 2025 08:12:48
Comcast Corporation has informed The Bank of New York Mellon that it will redeem all outstanding amounts of its 3.950% Notes due October 15, 2025. The total amount for redemption is approximately $2.474 billion, which includes accrued and unpaid interest.
The redemption is scheduled for September 22, 2025. This announcement serves as a formal notification regarding the redemption process but does not itself constitute a notice of redemption for the Notes.
linkAug 22, 2025 17:05:47
Comcast Corporation reported its financial results for the second quarter of 2025, showing a 2.1% increase in revenue compared to the same period last year. Key metrics included a consolidated Adjusted EBITDA of $10.3 billion, a 1.1% increase, and a 3.3% rise in Adjusted EPS to $1.25. The company generated $4.5 billion in free cash flow and returned $2.9 billion to shareholders through dividends and share repurchases, reducing shares outstanding by 5% year-over-year. Growth was noted in various segments, including a record 378,000 net additions in domestic wireless lines and a 6% revenue increase in Content and Experiences, driven by the successful opening of Epic Universe.
In terms of customer metrics, Comcast experienced a net loss of 226,000 domestic broadband customers and 325,000 video customers, while total domestic wireless lines reached 8.5 million, representing a 14% penetration of residential broadband customers. The company’s media segment, particularly Peacock, saw an 18% increase in revenue to $1.2 billion, with improved EBITDA losses. Despite challenges in customer relationships for Connectivity & Platforms, Comcast's strategic focus on growth and disciplined capital allocation positions it for future performance.
linkJul 31, 2025 07:07:31
Comcast Corporation reported its financial results for the first quarter of 2025, highlighting a revenue of $29.9 billion, a slight decrease from the previous year. The company generated $5.4 billion in free cash flow and returned $3.2 billion to shareholders through dividends and share repurchases. Adjusted earnings per share increased by 4.5% to $1.09, while net income attributable to Comcast decreased by 12.5% to $3.4 billion. The company also noted growth in its connectivity businesses, with a 4% revenue increase and improved EBITDA margins.
The results included a mixed performance across various segments. While the connectivity and platforms segment saw increased revenue, the media segment reported a 21% growth in EBITDA, driven by its streaming service Peacock. However, theme park revenues declined due to lower attendance. The company is preparing for the grand opening of its new theme park, Epic Universe, in May 2025, and plans to expand its presence in the UK with another theme park. Overall, Comcast's diversified business model and significant free cash flow generation position the company to navigate future opportunities.
linkApr 24, 2025 07:07:02