Comcast Is Selling Bonds to Fund the Sky Acquisition
As of October 2, Comcast (CMCSA) has sold unsecured bonds worth $27 billion to finance its $38.8 billion purchase of 61% of Sky. Comcast’s deal was also the fourth-largest debt sale in the United States after Verizon (VZ), Anheuser-Busch InBev, and CVS. According to the Financial Times, Comcast sold $27 billion of bonds in 12 parts of floating and fixed bonds with maturities of two to 40 years.