Comcast Corp (CMCSA) 2018-2

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD1,250.0002Oct-20Sr. UnsecuredA3A-A-Floating3mL3mL+Equiv3mL+Equiv333mL+33-100.00000
USD1,750.0002Oct-20Sr. UnsecuredA3A-A-FixedTsyT+60-65T+50503.30%599.97200
USD1,000.0003Oct-21Sr. UnsecuredA3A-A-Floating3mL3mL+Equiv3mL+Equiv443mL+44-100.00000
USD2,000.0003Oct-21Sr. UnsecuredA3A-A-FixedTsyT+70-75T+60603.45%599.89900
USD500.0005.5Apr-24Sr. UnsecuredA3A-A-Floating3mL3mL+Equiv3mL+Equiv633mL+63-100.00000
USD2,500.0005.5Apr-24Sr. UnsecuredA3A-A-FixedTsyT+90-95T+80 a753.70%599.99400
USD3,000.0007Oct-25Sr. UnsecuredA3A-A-FixedTsyT+115 aT+100 a953.95%599.87700
USD4,000.00010Oct-28Sr. UnsecuredA3A-A-FixedTsyT+125-130T+115 a1104.15%799.95000
USD1,500.00012Oct-30Sr. UnsecuredA3A-A-FixedTsyT+140 aT+125 a1204.25%699.94300
USD3,000.00020Oct-38Sr. UnsecuredA3A-A-FixedTsyT+160-165T+145 a1404.60%699.93400
USD4,000.00030Oct-48Sr. UnsecuredA3A-A-FixedTsyT+170-175T+155 a1504.70%499.91800
USD2,500.00040Oct-58Sr. UnsecuredA3A-A-FixedTsyT+195-200T+180 a1754.95%499.91200
Tranche Comments
2 yr: Book size: 2900; First Pay: 2019-01-01; Registration: Registered; Comments: USD1.25bn 2yr FRN. snr unsec SEC Registered. A3/A-/A-. BAML/WFS/CS/Miz/MUFG/SMBC Nikko. 3mL equiv. Price Talk: 3mL equiv; 2 yr: Book size: 3800; First Pay: 2019-04-01; Registration: Registered; Comments: USD1.75bn 2yr Fxd. snr unsec SEC Registered. A3/A-/A-. BAML/WFS/CS/Miz/MUFG/SMBC Nikko. T+60/65. Price Talk: T+50 (the #). MWC+10bp; 3 yr: Book size: 3200; First Pay: 2019-01-01; Registration: Registered; Comments: USD1bn 3yr FRN snr unsec SEC Registered. A3/A-/A-. BAML/WFS/CS/Miz/MUFG/SMBC Nikko. 3mL equiv. Price Talk: 3mL equiv; 3 yr: Book size: 5600; First Pay: 2019-04-01; Registration: Registered; Comments: USD2bn 3yr Fxd snr unsec SEC Registered. A3/A-/A-. BAML/WFS/CS/Miz/MUFG/SMBC Nikko. T+70/75. Price Talk: T+60 (the #). MWC+10bp; 5.5 yr: Book size: 1600; First Pay: 2019-01-15; Registration: Registered; Comments: USD500m 5.5yr FRN snr unsec SEC Registered. A3/A-/A-. BAML/WFS/CS/Miz/MUFG/SMBC Nikko. 3mL equiv. Price Talk: 3mL equiv; 5.5 yr: Book size: 7100; First Pay: 2019-04-15; Registration: Registered; Comments: USD2.5bn 5.5yr Fxd snr unsec SEC Registered. A3/A-/A-. BAML/WFS/CS/Miz/MUFG/SMBC Nikko. T+90/95. Price Talk: T+80bp area +/-5bp. MWC+15bp; 7 yr: Book size: 10500; First Pay: 2019-04-15; Registration: Registered; Comments: USD3bn 7yr Fxd snr unsec SEC Registered. A3/A-/A-. BAML/WFS/CS/Miz/MUFG/SMBC Nikko. T+115 area. Price Talk: T+100bp area +/-5bp; 10 yr: Book size: 12300; First Pay: 2019-04-15; Registration: Registered; Comments: USD4bn 10yr Fxd snr unsec SEC Registered. A3/A-/A-. BAML/WFS/CS/Miz/MUFG/SMBC Nikko. T+125/130. Price Talk: T+115bp area +/-5bp. MWC+20bp; 12 yr: Book size: 7200; First Pay: 2019-04-15; Registration: Registered; Comments: USD1.5bn 12yr Fxd snr unsec SEC Registered. A3/A-/A-. BAML/WFS/CS/Miz/MUFG/SMBC Nikko. T+140 area. Price Talk: T+125bp area +/-5bp. MWC+20bp; 20 yr: Book size: 10100; First Pay: 2019-04-15; Registration: Registered; Comments: USD3bn 20yr Fxd snr unsec SEC Registered. A3/A-/A-. BAML/WFS/CS/Miz/MUFG/SMBC Nikko. T+160/165. Price Talk: T+145bp area +/-5bp. MWC+25bp; 30 yr: Book size: 14100; First Pay: 2019-04-15; Registration: Registered; Comments: USD4bn 30yr Fxd snr unsec SEC Registered. A3/A-/A-. BAML/WFS/CS/Miz/MUFG/SMBC Nikko. T+170/175. Price Talk: T+155bp area +/-5bp. MWC+25bp; 40 yr: Book size: 9300; First Pay: 2019-04-15; Registration: Registered; Comments: USD2.5bn 40yr Fxd snr unsec SEC Registered. A3/A-/A-. BAML/WFS/CS/Miz/MUFG/SMBC Nikko. T+195/200. Price Talk: T+180bp area +/-5bp. MWC+30bp;
Deal Comments
Active Bookrunners: WFS(B&D) (2yr FXD, 2yr FRN, 3yr FXD, 3yr FRN, 5.5yr FXD, 5.5yr FRN, 7yr, 10yr, 12yr), BAM(B&D) (20yr, 30yr, 40yr). Passive Bookrunners: CSG, MIZ, MUF, SMB
Guarantor(s)
Comcast Cable Communications and NBCUniversal
Use of Proceeds
Will be used to finance the purchase of Sky Shares from Sky shareholders, to settle a portion of Market Purchases, and pay related fees and expenses
Research
AllReportsSurveillanceOther

Explore all other research.