Comcast Issues New Debt Obligations

TL;DR

Comcast just dropped new debt. Watch those interest payments.

AI Summary

On October 9, 2025, Comcast Corp. filed an 8-K to report the creation of direct financial obligations. This filing details various notes due in the coming years, including $0.000 Notes Due 2026, $0.250 Notes Due 2027, and $5.50 Notes Due 2045, among others. These obligations represent new debt instruments issued by the company.

Why It Matters

Comcast has entered into new debt agreements, which could impact its financial leverage and future interest expenses.

Risk Assessment

Risk Level: medium — The issuance of new debt increases Comcast's financial obligations and leverage, which can introduce financial risk.

Key Numbers

• 0.000 — Notes Due 2026 (Represents a specific debt issuance with a 2026 maturity.)
• 0.250 — Notes Due 2027 (Represents a specific debt issuance with a 2027 maturity.)
• 5.50 — Notes Due 2045 (Represents a specific debt issuance with a 2045 maturity.)

Key Players & Entities

• Comcast Corp. (company) — Filer of the 8-K
• 0000950103-25-013042 (other) — Accession Number for the filing
• 20251009 (date) — Filing date and period of report
• CMCSA:Sec0.000NotesDue2026Member (financial_instrument) — Specific debt obligation
• CMCSA:Sec5.50NotesDue2045Member (financial_instrument) — Specific debt obligation

FAQ

Key Financial Figures

• $0.01 — hich Registered Class A Common Stock, $0.01 par value CMCSA The Nasdaq Stock Ma
• $1,000,000,000 — ectively, the "Pool 2 Notes") for up to $1,000,000,000 in aggregate principal amount of the Co
• $480,046,000 — the Exchange Offers, the Company issued $480,046,000 in aggregate principal amount of the Ne

Filing Documents

• dp235696_8k.htm (8-K) — 55KB
• dp235696_ex0401.htm (EX-4.1) — 89KB
• dp235696_ex0402.htm (EX-4.2) — 98KB
• 0000950103-25-013042.txt ( ) — 545KB
• cmcsa-20251009.xsd (EX-101.SCH) — 6KB
• cmcsa-20251009_def.xml (EX-101.DEF) — 30KB
• cmcsa-20251009_lab.xml (EX-101.LAB) — 42KB
• cmcsa-20251009_pre.xml (EX-101.PRE) — 29KB
• dp235696_8k_htm.xml (XML) — 16KB

03 Creation

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of the Registrant The information required by this Item 2.03 relating to the New Notes, the Base Indenture, the First Supplemental Indenture and the Second Supplemental Indenture (each as defined below) is set forth under Item 8.01 of this Current Report on Form 8-K and is incorporated herein by reference.

01 Other Events

Item 8.01 Other Events On October 9, 2025, Comcast Corporation ("Comcast" or the "Company") completed (i) the previously announced private offers (the "Exchange Offers") to exchange its 4.150% Notes due 2028 and 4.550% Notes due 2029 (collectively, the "Pool 2 Notes") for up to $1,000,000,000 in aggregate principal amount of the Company's new Notes due 2037 (the "New Notes") and (ii) the previously announced offers to purchase for cash all validly tendered and not validly withdrawn Pool 2 Notes (the "Cash Offers"). On October 9, 2025, Comcast completed the Exchange Offers and the Cash Offers. Pursuant to the Exchange Offers, the Company issued $480,046,000 in aggregate principal amount of the New Notes. The New Notes will bear interest at a rate of 5.168% per year and will mature on January 15, 2037. We will pay interest on the New Notes on January 15 and July 15 of each year, beginning on January 15, 2026. The New Notes were issued pursuant to an Indenture dated as of September 18, 2013 (the "Base Indenture") among Comcast, the guarantors named therein and The Bank of New York Mellon, as trustee (the "Trustee"), as supplemented by the First Supplemental Indenture dated as of November 17, 2015 (the "First Supplemental Indenture") among Comcast, the guarantors named therein and the Trustee and as further supplemented by the Second Supplemental Indenture dated as of July 29, 2022 (the "Second Supplemental Indenture") among Comcast, the guarantors named therein and the Trustee, and an officers' certificate issued pursuant thereto. The New Notes are guaranteed on an unsecured and unsubordinated basis by Comcast Cable Communications, LLC and NBCUniversal (the "Guarantors"). The material terms and conditions of the New Notes are set forth (i) in the Form of Officers' Certificate filed herewith as Exhibit 4.1, (ii) in the Base Indenture, filed as Exhibit 4.3 to Comcast's Registration Statement on Form S-3, as amended, filed on September 18, 2013 (Reg. No 333-191239),

01(d) Exhibits

Item 9.01(d) Exhibits Exhibit Number Description 4.1 Form of Officers' Certificate setting forth the terms of the New Notes. 4.2 Registration Rights Agreement, dated as of October 9, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COMCAST CORPORATION Date: October 9, 2025 By: /s/ Elizabeth Wideman Name: Elizabeth Wideman Title: Senior Vice President, Senior Deputy General Counsel and Assistant Secretary

View Full Filing

View this 8-K filing on SEC EDGAR