NEW YORK, Dec. 7, 2011 /PRNewswire-FirstCall/
-- Viacom Inc. (NASDAQ: VIA, VIAB) today announced that it has
issued a notice of redemption to redeem on January 9, 2012 (the "Redemption Date") all of
its outstanding 6.85% Senior Notes due December 15, 2055 (NYSE: VNV) (the "2055 Notes")
(CUSIP No. 92553P300).
(Logo: http://photos.prnewswire.com/prnh/20110811/NY51392LOGO
)
The redemption price for each of the 2055 Notes outstanding will
be equal to 100% of the principal amount of such 2055 Note, plus
accrued and unpaid interest thereon to the Redemption Date (the
"Redemption Price").
The Bank of New York Mellon is the trustee for each of the 2055
Notes and will act as the paying agent for these transactions. The
Bank of New York Mellon's address is Global Corporate Trust, 111
Sanders Creek Parkway, East Syracuse,
N.Y. 13057, Attention: Redemption Unit.
The 2055 Notes will each become due and payable, at the
Redemption Price, upon presentation and surrender of the respective
2055 Notes, on or after the Redemption Date, at the office of the
paying agent. From and after the Redemption Date, the 2055
Notes will cease to accrue interest and holders of the 2055 Notes
will not be entitled to exercise any of the rights with respect to
the 2055 Notes except the right to receive the Redemption
Price.
The 2055 Notes were originally issued on December 13, 2006 in the aggregate principal
amount of $750,000,000 (all of which
principal amount remains outstanding), in minimum denominations of
$25 and integral multiples of
$25.
Holders of 2055 Notes with questions regarding the details of
the redemption may call The Bank of New York Mellon Bondholder
Relations Department at 1.800.254.2826.
This press release is for informational purposes only and does
not constitute an offer to purchase or sell or a solicitation of an
offer to purchase or sell any securities in any jurisdiction.
About Viacom
Viacom is home to the world's premier entertainment brands that
connect with audiences through compelling content across
television, motion picture, online and mobile platforms in more
than 160 countries and territories. With approximately 160 media
networks reaching approximately 700 million global subscribers,
Viacom's leading brands include MTV, VH1, CMT, Logo, BET, CENTRIC,
Nickelodeon, Nick Jr., TeenNick, Nicktoons, Nick at Nite, COMEDY
CENTRAL, TV Land, Spike TV and Tr3s. Paramount Pictures, America's
oldest film studio and creator of many of the most beloved motion
pictures, continues today as a major global producer and
distributor of filmed entertainment. Viacom operates a large
portfolio of branded digital media experiences, including many of
the world's most popular properties for entertainment, community
and casual online gaming.
For more information about Viacom and its businesses, visit
www.viacom.com.
Cautionary Statement Concerning Forward-Looking
Statements
This news release contains both historical and
forward-looking statements. All statements that are not statements
of historical fact are, or may be deemed to be, forward-looking
statements. Forward-looking statements reflect the Company's
current expectations concerning future results, objectives, plans
and goals, and involve known and unknown risks, uncertainties and
other factors that are difficult to predict and which may cause
actual results, performance or achievements to differ. These risks,
uncertainties and other factors include, among others: the public
acceptance of the Company's programs, motion pictures and other
entertainment content on the various platforms on which they are
distributed; technological developments and their effect in the
Company's markets and on consumer behavior; competition for
audiences and distribution; the impact of piracy; economic
conditions generally, and in advertising and retail markets in
particular; fluctuations in the Company's results due to the
timing, mix and availability of the Company's motion pictures;
changes in the Federal communications laws and regulations; other
domestic and global economic, business, competitive and/or
regulatory factors affecting the Company's businesses generally;
and other factors described in the Company's news releases and
filings with the Securities and Exchange Commission, including its
2011 Annual Report on Form 10-K and reports on Form 10-Q and Form
8-K. The forward-looking statements included in this document are
made only as of the date of this document, and the Company does not
have any obligation to publicly update any forward-looking
statements to reflect subsequent events or circumstances.
SOURCE Viacom Inc.