Paramount Global (NASDAQ: PARA, PARAA) announced that it would redeem all of its outstanding 3.50% senior notes due January 15, 2025 (the “3.50% notes”) and a portion of its outstanding 4.750% senior notes due May 15, 2025 (the “4.750% notes”). The redemption date for the 3.50% notes is April 18, 2022. The redemption date for the 4.750% notes is April 11, 2022.
The redemption price for the 3.50% notes and the 4.750% notes is equal to the sum of 100% of the principal amount of such series of notes to be redeemed, the make-whole amount calculated in accordance with the respective terms of such series of notes and the related indenture under which such series of notes was issued, and the accrued and unpaid interest on such series of notes up to, but excluding, the respective redemption date on the principal amount of such series of notes to be redeemed. The aggregate principal amount of each such series of notes outstanding and the aggregate principal amount of each such series of notes to be redeemed is as set forth below:
|
Title of Security |
Aggregate Principal Amount |
Aggregate Principal |
|
3.50% notes |
$275,000,000 |
$275,000,000 |
|
4.750% notes |
$1,250,000,000 |
$695,000,000 |
Holders owning notes through a broker, bank, or other nominee should contact that party for information. For more information, holders of the 3.50% notes and the 4.750% notes may call the paying agent for the redemption of such series of notes, Deutsche Bank Trust Company Americas at (800) 735-7777.
