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Comcast increases debt buyback offer to $4.14 billion, accepts $4.1 billion

June 3, 2026 8:30 AM

Comcast Corporation (NASDAQ: CMCSA) increased the total consideration for its cash tender offers to purchase senior debt securities from $3.75 billion to $4.14 billion, according to a company statement.

The media and technology company accepted $4.1 billion in aggregate principal amount of notes for purchase, excluding those delivered through guaranteed delivery procedures. The offers expired at 5:00 p.m. Eastern time on June 2, 2026.

According to Global Bondholder Services Corporation, the information and tender agent, $6.16 billion combined aggregate principal amount of notes were validly tendered prior to the expiration date and not withdrawn. An additional $54.6 million in notes were tendered through guaranteed delivery procedures.

The increased consideration cap enables Comcast to accept all notes with acceptance priority levels 1 through 10, including various series maturing between 2027 and 2029. Notes with priority levels 11 through 13, which include certain 2030 maturities, were not accepted for purchase due to the consideration cap condition.

The company accepted notes across multiple series, including 2.350% notes due 2027, 3.300% notes due February and April 2027, and various notes maturing in 2028 and 2029. Comcast Cable Communications, a wholly-owned subsidiary, also participated with its 8.500% notes due 2027 and 7.125% notes due 2028.

Settlement is scheduled for June 5, 2026. Holders of accepted notes will receive the applicable total consideration plus accrued and unpaid interest from the last payment date to the settlement date.

Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC served as dealer managers for the offers.

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