WASHINGTON (dpa-AFX) - Viacom Inc. (VIAB, VIA) said Monday that it has agreed to sell $300 million in aggregate principal amount of 3.250% senior notes due 2023 at a price equal to 99.148% of the principal amount thereof and $250 million in aggregate principal amount of 4.875% senior debentures due 2043 at a price equal to 99.474% of the principal amount thereof
The sale of the Senior Notes and the Senior Debentures is expected to close on March 14.
Viacom said it plans to use the net proceeds from the offering for general corporate purposes, including, but not limited to, the repayment of outstanding indebtedness and the repurchase of shares under its share repurchase program.
The joint book-running managers for the offering are BNP Paribas Securities Corp., Goldman, Sachs & Co., J.P. Morgan Securities LLC and RBC Capital Markets, LLC.
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