$700M Senior Notes Offering for CBS


CBSCBS Corporation priced a debt offering of $700 million of 2.90% senior notes due 2027. The sale is expected to close on July 11.

Among other things, CBS intends to use the proceeds for general corporate purposes such as the repurchase of outstanding CBS common stock shares and to repay short-term loans.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities USA Inc., and RBC Capital Markets, LLC are managing the offering.