This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CBS Corporation Announces Redemption Of Senior Notes

NEW YORK, June 11, 2012 /PRNewswire/ -- CBS Corporation (NYSE: CBS.A and CBS) announced today the full redemption of its outstanding 5.625% senior notes due August 15, 2012, and the full redemption of its 8.200% senior notes due May 15, 2014, on July 11, 2012, the redemption date.

The redemption amount for the 2012 notes is equal to the sum of the principal amount of the 2012 notes outstanding, the make-whole amount calculated in accordance with the terms of the 2012 notes and the related indenture under which the 2012 notes were issued, and the accrued and unpaid interest on the 2012 notes up to, but excluding, the redemption date of July 11, 2012. The aggregate principal amount of the 2012 notes outstanding on June 11, 2012, was $338,229,000.

The redemption amount for the 2014 notes is equal to the sum of the principal amount of the 2014 notes outstanding, the make-whole amount calculated in accordance with the terms of the 2014 notes and the related indenture under which the 2014 notes were issued, and the accrued and unpaid interest on the 2014 notes up to, but excluding, the redemption date of July 11, 2012. The aggregate principal amount of the 2014 notes outstanding on June 11, 2012, was $400,000,000.

Holders owning notes through a broker, bank or other nominee should contact that party for information. For more information, holders of the notes may call the paying agent for the redemption, The Bank of New York Mellon, at 1-800-254-2826.

DISCLOSURE NOTICE:  Some statements in this release may constitute forward-looking statements. CBS Corporation cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. A description of risks and uncertainties can be found in CBS Corporation's most recent Annual Report on Form 10-K and in its other public filings and press releases. Except as required by law, CBS Corporation does not assume any obligation to update any forward-looking statements contained in this release as a result of new information or future events or developments.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs