Comcast Corporation’s $4 Billion Notes Offering

Davis Polk advised Comcast Corporation on its debt offering.

Comcast Corporation executed the issuance and sale of $1,500 million aggregate principal amount of its 1.950% Notes due 2031, $800 million aggregate principal amount of its 3.750% Notes due 2040 and $1,700 million aggregate principal amount of its 2.800% Notes due 2051.

The 3.750% notes due 2040 were a reopening of the $800 million aggregate principal amount of 3.750% notes due 2040, previously issued on March 27, 2020.

Goldman Sachs & Co. LLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and RBC Capital Markets, LLC acted as representatives of the several underwriters for the offering.

Comcast is a global media and technology company with three primary businesses, Comcast Cable, NBCUniversal and Sky. Comcast Cable is one of the nation’s largest providers of video, high-speed Internet, voice, wireless, and security and automation services to residential customers under the XFINITY brand, and also provides these and other services to business customers and sells advertising.

The Davis Polk corporate team advising Comcast included partner John B. Meade (Picture) and associates Yoojin Nairn-Kim and Moses Farzan Nekou. The tax team included partner Patrick E. Sigmon and associate Ariel David Siman.

Involved fees earner: Moses Farzan Nekou – Davis Polk & Wardwell; John Meade – Davis Polk & Wardwell; Yoojin Nairn-Kim – Davis Polk & Wardwell; Patrick Sigmon – Davis Polk & Wardwell; Ariel Siman – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Comcast Corporation;

Author: Ambrogio Visconti