ViacomCBS Announces Redemption of Approximately $2.0 Billion of Senior Notes
NEW YORK: ViacomCBS Inc. has announced that it would redeem all of its outstanding (i) 2.250% senior notes due February 4, 2022 (the “2.250% senior notes”), (ii) 3.375% senior notes due March 1, 2022 (the “3.375% senior notes”), (iii) 3.125% senior notes due June 15, 2022 (the “3.125% senior notes”), (iv) 2.500% senior notes due February 15, 2023 (the “2.500% senior notes”), (v) 3.250% senior notes due March 15, 2023 (the “3.250% senior notes”), (vi) 2.900% senior notes due June 1, 2023 (the “2.900% senior notes”) and (vii) 4.250% senior notes due September 1, 2023 (the “4.250% senior notes”). The redemption date for the 2.250% senior notes, the 3.375% senior notes, the 2.500% senior notes and the 2.900% senior notes is March 15, 2021. The redemption date for the 3.125% senior notes, the 3.250% senior notes and the 4.250% senior notes is March 29, 2021.
The redemption price for each such series of notes is equal to the sum of 100% of the principal amount of such series of notes outstanding, the make-whole amount calculated in accordance with the terms of such series of notes and the related indenture under which such series of notes was issued, and the accrued and unpaid interest on such series of notes up to, but excluding the respective redemption date. The aggregate principal amount of each such series of notes outstanding on February 26, 2021, is as set forth below:
|
Title of Security |
Aggregate Principal Amount Outstanding |
|
2.250% senior notes |
$35,218,000 |
|
3.375% senior notes |
$415,931,000 |
|
3.125% senior notes |
$117,618,000 |
|
2.500% senior notes |
$196,566,000 |
|
3.250% senior notes |
$141,408,000 |
|
2.900% senior notes |
$243,328,000 |
|
4.250% senior notes |
$840,734,000 |
Holders owning notes through a broker, bank, or other nominee should contact that party for information. For more information, holders of the 2.250% senior notes, the 3.125% senior notes, the 3.250% senior notes and the 4.250% senior notes may call the paying agent for the redemption of such series of notes, The Bank of New York Mellon at (800) 254-2826, and holders of the 3.375% senior notes, the 2.500% senior notes and the 2.900% senior notes may call the paying agent for the redemption of such series of notes, Deutsche Bank Trust Company Americas at (800) 735-7777.
