Comcast Corporation
Comcast Terminates Prior Credit Agreement and Enters into New Credit Agreement
Summary
On May 17, 2024, Comcast Corporation terminated its prior five-year $11 billion credit agreement and entered into a new credit agreement providing for a $11.8 billion unsecured revolving credit facility to Comcast for general corporate purposes. The new credit agreement expires on May 17, 2029 and can be extended up to May 17, 2031. No borrowings were outstanding at the time of the termination of the prior credit agreement. Comcast and its affiliates maintain commercial and service relationships with certain lenders and their affiliates.
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Exhibits (1)
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About Comcast Corporation
Comcast Corporation is a global telecommunications and media conglomerate that provides a wide array of services and content. Primarily, Comcast is known for its role as a provider of cable television, broadband internet, and telephone services, reaching millions of customers across the United States. Operating under the Xfinity brand, Comcast delivers not only traditional cable services but also cutting-edge digital offerings that include high-speed internet and on-demand streaming platforms. Additionally, Comcast holds significant influence in the entertainment industry through its ownership of NBCUniversal. This media powerhouse encompasses broadcast television networks, film studios, and theme parks, allowing Comcast Corporation to impact various facets of the media landscape. Founded in 1963 and headquartered in Philadelphia, Pennsylvania, Comcast is a pivotal player in both the telecommunications and media sectors, making significant contributions to how content is created, distributed, and consumed worldwide.
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