Printer Friendly

PARAMOUNT COMMUNICATIONS ANNOUNCES PUBLIC OFFERING OF SENIOR DEBT

 PARAMOUNT COMMUNICATIONS ANNOUNCES PUBLIC OFFERING OF SENIOR DEBT
 NEW YORK, Aug. 5 /PRNewswire/ -- Paramount Communications Inc. (NYSE: PCI) today announced a public offering of senior debt, consisting of $250 million of 8-1/4 percent debentures due Aug. 1, 2022, at a price of 98.684 to yield 8.37 percent. Co-managers of the underwriting syndicate, led by the First Boston Corporation, include Morgan Stanley and J.P. Morgan.
 The debentures are non-callable for ten years and were priced to offer 98 basis points over comparable U.S. Treasuries. Paramount's senior debt is rated A2 by Moody's and single A by Standard & Poor's.
 Net proceeds from the sale of the securities announced today will be used for general corporate purposes.
 -0- 8/5/92
 /CONTACT: Jerry Sherman of Paramount Communications, 212-373-8725/
 (PCI) CO: Paramount Communications Inc. ST: New York IN: ENT SU: OFR


GK-SB -- NY073 -- 7208 08/05/92 15:31 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 5, 1992
Words:151
Previous Article:GROW GROUP ANNOUNCES RECORD FOURTH QUARTER AND YEAR END RESULTS; FISCAL 1992 PRIMARY EARNINGS PER SHARE OF 78 CENTS
Next Article:MICHIGAN OTC CHANGES, PROVIDED BY FIRST OF MICHIGAN CORP., TODAY: AUG. 5, 1992
Topics:


Related Articles
PARAMOUNT PICTURES APPOINTS BRYAN D. ALLEN SENIOR VICE PRESIDENT, CREATIVE ADVERTISING
PARAMOUNT PICTURES ANNOUNCES PROMOTIONS
PARAMOUNT PICTURES DOMESTIC TELEVISION DIVISION NAMES MIKE MELLON SENIOR VICE PRESIDENT, RESEARCH
ROGER AILES SIGNS AGREEMENT WITH PARAMOUNT PICTURES' DOMESTIC TELEVISION DIVISION
PARAMOUNT PICTURES NAMES THOMAS FORTUIN SENIOR VICE PRESIDENT AND DEPUTY GENERAL COUNSEL
PARAMOUNT PICTURES CHAIRMAN BRANDON TARTIKOFF TO MAKE ANNOUNCES
LUCIA LUDOVICO APPOINTED SENIOR VICE PRESIDENT-CREATIVE ADVERTISING, FOR THE MOTION PICTURE GROUP OF PARAMOUNT PICTURES
PARAMOUNT COMMUNICATIONS ANNOUNCES CALL FOR NOTE REDEMPTION
VIACOM $1 BILLION 7-3/4% SENIOR NOTES RATED 'BBB-' BY FITCH -- FITCH FINANCIAL WIRE --
VIACOM $550 MILLION SENIOR DEBT RATED 'BBB-' BY FITCH -- FITCH FINANCIAL WIRE --

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters