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.
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