NEW YORK, Feb. 20, 2019 /PRNewswire/ -- CBS Corporation
(NYSE: CBS.A and CBS) today announced the full redemption of its
outstanding 2.300% senior notes due August
15, 2019. The redemption date is March 7, 2019.
The total redemption payment for the notes is equal to the sum
of the make-whole amount calculated in accordance with the terms of
the notes and the related indenture under which the notes were
issued and the accrued and unpaid interest on the notes up to, but
excluding, the redemption date of March 7,
2019. The aggregate principal amount of the notes
outstanding on February 20, 2019, is
$600 million.
Holders owning notes through a broker, bank, or other nominee
should contact that party for information. For more information,
holders of notes may call the paying agent for the redemption,
Deutsche Bank Trust Company Americas at (800) 735-7777.
Disclosure Notice
Certain statements in this
release are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to risks and uncertainties
that may cause actual results to differ materially from those
indicated in the forward-looking statements. Important factors that
could cause actual results to differ materially from our
expectations include, without limitation: changes in legislation,
tax rules or market conditions; other domestic and global economic,
business, competitive and/or regulatory factors affecting CBS
Corporation's businesses; and other factors described in CBS
Corporation's filings with the SEC including, but not limited to,
its most recent Forms 10-K, 10-Q and 8-K. You should not place
undue reliance on these forward-looking statements, which apply
only as of the time of this news release. Except to the extent
required by applicable securities laws, we do not undertake any
obligation to update any forward-looking statements contained in
this release as a result of new information or future events or
developments.
About CBS Corporation:
CBS Corporation (NYSE: CBS.A
and CBS) is a mass media company that creates and distributes
industry-leading content across a variety of platforms to audiences
around the world. The Company has businesses with origins that date
back to the dawn of the broadcasting age as well as new ventures
that operate on the leading edge of media. CBS owns the
most-watched television network in the U.S. and one of the world's
largest libraries of entertainment content, making its brand — "the
Eye" — one of the most-recognized in business. The Company's
operations span virtually every field of media and entertainment,
including cable, publishing, local TV, film, and interactive and
socially responsible media. CBS' businesses include CBS Television
Network, The CW (a joint venture between CBS Corporation and Warner
Bros. Entertainment), Network 10 Australia, CBS Television Studios,
CBS Studios International, CBS Television Distribution, CBS
Consumer Products, CBS Home Entertainment, CBS Interactive, CBS
Films, Showtime Networks, CBS Sports Network, Pop (a joint venture
between CBS Corporation and Lionsgate), Smithsonian Networks, Simon
& Schuster, CBS Television Stations, CBS EcoMedia, and CBS
Experiences. For more information, go to
www.cbscorporation.com.
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SOURCE CBS Corporation