Home > Business > Viacom Prices Debt Offering of $850 Million of Senior Notes

Viacom Prices Debt Offering of $850 Million of Senior Notes

Viacom Inc today announced that it has agreed to sell senior notes in the aggregate principal amount of $850 million comprised of $600 million of
4.375% senior notes due 2014 at a price equal to 99.291% of the principal amount thereof and $250 million of 5.625% senior notes due 2019 at a price
equal to 99.247% of the principal amount thereof (together, the "Senior Notes"). The sale of the Senior Notes is expected to close on August 26,
2009.

Viacom intends to use the net proceeds from the offering to fund its previously announced tender offer for its 5.75% Senior Notes due 2011 (the
"2011 Notes") and, to the extent any proceeds remain, to repay borrowings under its revolving credit facility and/or commercial paper program.
Viacom's senior unsecured debt is currently rated BBB by Standard & Poor's, Baa3 by Moody's Investors Service and BBB by Fitch.
    The Senior Notes
    The terms and conditions of the Senior Notes are set forth in a
prospectus, which can be obtained by contacting Viacom Investor Relations
at 1-800-516-4399 or by written request to Viacom Inc., 1515 Broadway, 52nd
Floor, New York, New York 10036, Attn: Investor Relations.
    The joint book running managers for the Senior Notes are Deutsche Bank
Securities Inc., Citigroup Global Markets Inc. and RBS Securities, Inc.

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