CBS Corporation (NYSE: CBS.A and CBS) today announced plans to offer, subject to market and other conditions, senior notes in a private debt offering.
After deducting fees and expenses related to this offering, CBS intends to use the net proceeds for general corporate purposes, which may include, among other purposes, redemption of long-term indebtedness, discretionary contributions to CBS qualified pension plans, or the repayment of short-term borrowings, including commercial paper.
About CBS Corporation
CBS Corporation (NYSE: CBS.A and CBS) is a mass media company that creates and distributes industry-leading content across a variety of platforms to audiences around the world. For more information, go to www.cbscorporation.com.