NEW YORK--(BUSINESS WIRE)--ViacomCBS Inc. (NASDAQ: VIAC, VIACA) today announced that it would redeem all of its outstanding 4.30% senior notes due February 15, 2021 and all of its outstanding 4.500% senior notes due March 1, 2021. The redemption date for the 4.30% senior notes is May 4, 2020 and the redemption date for the 4.500% senior notes is May 18, 2020.

The redemption price for each series of notes is equal to the sum of 100% of the principal amount of such series of notes, the make-whole amount calculated in accordance with the respective terms of the notes and the related indentures under which the notes were issued and the accrued and unpaid interest on such series of notes up to, but excluding, the respective redemption dates of May 4, 2020, in the case of the 4.30% senior notes, and May 18, 2020, in the case of the 4.500% senior notes. The aggregate principal amount of the 4.30% senior notes outstanding on April 17, 2020 is $300 million and the aggregate principal amount of the 4.500% senior notes outstanding on April 17, 2020 is $500 million.

ABOUT VIACOMCBS

ViacomCBS is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, its portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, CBS All Access, Pluto TV and Simon & Schuster, among others. The company delivers the largest share of the U.S. television audience and boasts one of the industry’s most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, ViacomCBS provides powerful capabilities in production, distribution and advertising solutions for partners on five continents.