WASHINGTON (dpa-AFX) - CBS Corp. (CBS.A, CBS) on Wednesday announced the pricing of a debt offering of $600 million of 3.50% senior notes due 2025 and $600 million of 4.60% senior notes due 2045.
After deducting fees and expenses related to the offering, CBS plans to use the net proceeds for general corporate purposes, including among other things, the repurchase of shares of CBS's outstanding common stock pursuant to the company's authorized share repurchase program and the repayment of short-term borrowings, including commercial paper.
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