Comcast Announces Redemption of 9.125% Senior Subordinated Debentures Due 2006
Comcast Corporation announced today that it intends to redeem all $144.7 million remaining outstanding 9.125% Senior Subordinated Debentures due October 15, 2006 (the "Debentures") on October 16, 2000, at the redemption price of 104.562% of the principal amount thereof or a total of $1,045.62 per $1,000 principal amount, plus accrued interest to the redemption date. Bondholders have been notified of the redemption by The Bank of New York, which serves as the Trustee for this issue.
Comcast Corporation (www.comcast.com) is principally involved in the development, management and operation of broadband cable networks, and in the provision of electronic commerce and programming content. Comcast Cable is the third largest cable company in the United States and, incorporating pending cable transactions, will serve more than 8.2 million subscribers. Comcast's commerce and content businesses include majority ownership of QVC, Comcast-Spectacor, Comcast SportsNet, and The Golf Channel, a controlling interest in E! Networks, and other programming investments.
Comcast's Class A Special and Class A Common Stock are traded on The Nasdaq Stock Market under the symbols CMCSK and CMCSA, respectively.