Comcast $5 billion notes offering and $2.9 billion cash tender offers
We advised Comcast in connection with the transactions
Davis Polk advised Comcast Corporation in connection with its SEC-registered debt offering of $1 billion aggregate principal amount of its 4.550% notes due 2029, $1 billion aggregate principal amount of its 4.800% notes due 2033, $1.6 billion aggregate principal amount of its 5.350% notes due 2053 and $1.4 billion aggregate principal amount of its 5.500% notes due 2064.
Davis Polk also advised Comcast and its subsidiary Sky Limited in connection with their cash tender offers to purchase any and all of certain series of their fixed- and floating-rate notes for which they received tenders in an approximate aggregate amount of $2.9 billion.
Comcast is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal and Sky. Comcast is principally focused on broadband, aggregation and streaming. Comcast delivers world-class broadband, wireless and video through its Xfinity, Comcast Business and Sky brands; produces, distributes and streams leading entertainment, sports and news through brands including NBC, Telemundo, Universal, Peacock and Sky; and brings incredible theme parks and attractions to life through Universal Destinations & Experiences.
The Davis Polk corporate team included partner John B. Meade, counsel Stephen A. Byeff and associates Moses Farzan Nekou and Vivian Liu. The U.K. corporate team included partner Dan Hirschovits, counsel John Taylor and associate Jonathan Williamson. Partner Patrick E. Sigmon and associate Yixuan Long provided U.S. tax advice. Counsel Dominic Foulkes provided U.K. tax advice. Members of the Davis Polk team are based in the New York and London offices.