Davis Polk Advises Comcast Corporation and NBCUniversal Media, LLC on Their $5.5 Billion Exchange Offer
Davis Polk advised Comcast Corporation and NBCUniversal Media, LLC in connection with their $5.5 billion exchange offer of new lower-coupon Comcast senior notes for seven series of Comcast’s and two series of NBCUniversal’s outstanding higher-coupon notes.
Comcast is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is one of the nation’s largest video, high-speed Internet and phone providers to residential customers under the XFINITY brand and also provides these services to businesses. It also provides wireless and security and automation services to residential customers under the XFINITY brand. NBCUniversal operates news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks and Resorts.
The Davis Polk corporate team included partner Bruce K. Dallas and associates Jason Bassetti, Tiffany Meyer and Randy Li. The tax team included partner Neil Barr and associate Patrick E. Sigmon. Members of the Davis Polk team are based in the Northern California and New York offices.