CBS Corporation Announces $600 M Senior Note Offering (CBS)

CBS Corporation CBS CBS announced today the pricing of a debt offering of $300 million of 4.30% senior notes due 2021 and $300 million of 5.90% senior notes due 2040. CBS Corporation intends to use the net proceeds of the offering to fund its partial cash tender offer for up to $250,000,000 of its outstanding $206,991,000 8.625% Debentures due August 1, 2012 and $533,129,000 5.625% Notes due August 15, 2012, the full redemption of all of its outstanding $335,000,000 7.25% Senior Notes due June 30, 2051, and for general corporate purposes.