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Viacom commences cash tender offers for up to $1B


According to Market Intelligence, December 2022


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Viacom commences cash tender offers for up to $1B

Viacom Inc. will commence cash tender offers for up to $1 billion of certain outstanding debt securities.

The debt securities are 4.500% senior debentures due 2042; 4.875% senior debentures due 2043; 4.850% senior debentures due 2034; 3.450% senior notes due 2026; 2.250% senior notes due 2022; 5.250% senior debentures due 2044; 3.250% senior notes due 2023; 3.125% senior notes due 2022; 3.875% senior notes due 2024; 2.750% senior notes due 2019; 4.250% senior notes due 2023; 3.875% senior notes due 2021 and 5.850% senior debentures due 2043, the company said Nov. 21.

The offers are scheduled to expire at 11:59 p.m. ET on Dec. 19, unless extended or earlier terminated. Tenders of securities may be withdrawn at any time before 5 p.m. ET on Dec. 5.

BNP Paribas Securities Corp., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and MUFG Securities Americas Inc. are acting as the dealer managers for the offers.