- CBS (CBS +0.5%) is pricing a debt offering of $800M in senior notes, at 4%.
- The sale of the notes will close July 10. CBS plans to use the proceeds for general purposes, including share buybacks as well as paying back short-term loans like commercial paper.
- In Q1, CBS repurchased $1B in stock (17.2M shares).
CBS prices $800M in senior notes
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