- ViacomCBS (VIAC, VIACA) has launched a $2.5B debt offering, in two equal tranches.
- The company's agreed to sell $1.25B in 4.75% senior notes due 2025, at a price equal to 99.498% of principal. It also agreed to sell $1.25B in 4.95% senior notes due 2031, at 98.036% of principal.
- Proceeds are set for general purposes, which could include repaying outstanding indebtedness.
- The sale of the senior notes is expected to close April 1.
- VIAC is up 0.4% after hours; shares fell 8.6% today.
ViacomCBS selling $2.5B in senior debt
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