Comcast to redeem $2.47 billion in 3.950% notes due October 2025

Comcast Corporation (NASDAQ:CMCSA), a media giant with a market capitalization of $126 billion, announced Friday that it has notified The Bank of New York Mellon (NYSE:BK), as trustee, of its intention to redeem all outstanding amounts of its 3.950% Notes due October 15, 2025. The total principal amount to be redeemed is approximately $2.474 billion. According to InvestingPro data, the company maintains a strong financial health score, supporting its debt management initiatives.

According to a statement based on a press release included in a SEC filing, the redemption will be carried out at the redemption price calculated in accordance with the indenture for the notes, plus accrued and unpaid interest. The scheduled redemption date is September 22, 2025.

The company clarified in the filing that the report does not constitute an official notice of redemption for the notes.

Comcast’s Class A common stock is listed on the Nasdaq Stock Market under the symbol CMCSA. The company also has several other debt securities registered on the Nasdaq and New York Stock Exchange.

This information is based on a press release statement contained in the company’s Form 8-K filed with the U.S. Securities and Exchange Commission.

In other recent news, Comcast reported its second-quarter 2025 earnings, surpassing analyst forecasts with an earnings per share (EPS) of $1.25, compared to the projected $1.16. Revenue also exceeded expectations, reaching $30.31 billion against the anticipated $29.8 billion. These results highlight a 7.76% surprise in EPS, showcasing the company’s strong financial performance. Additionally, Comcast’s NBCUniversal is in advanced negotiations with Major League Baseball for a three-year agreement valued at approximately $200 million annually. This deal would allow NBC and its Peacock streaming service to broadcast games, according to the Wall Street Journal. These developments indicate ongoing strategic moves by Comcast to expand its content offerings. Meanwhile, Netflix (NASDAQ:NFLX) is finalizing a separate deal to stream the "Home Run Derby" for over $35 million yearly through 2028. These recent developments underscore the competitive landscape in the media and entertainment industry.

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