NEW YORK, July 17, 2013 /PRNewswire-FirstCall/ -- Viacom Inc. (NASDAQ: VIAB, VIA) today announced that it has extended the expiration date of its offer to exchange up to $1,446,365,000 in aggregate principal amount of its 4.375% Senior Debentures due 2043 that have been registered under the Securities Act of 1933 for an equal amount of its outstanding unregistered 4.375% Senior Debentures due 2043 (the "Old Debentures"). The exchange offer, which was scheduled to expire at 5:00 p.m., New York City time, on July 18, 2013, will now expire at 5:00 p.m., New York City time, on July 19, 2013, unless further extended.
As of 5:00 p.m., New York City time, on July 17, 2013, approximately $980,725,000 in aggregate principal amount of the Old Debentures had been validly tendered and not withdrawn. Except for the extension of the expiration date, the terms of the exchange offer remain as set forth in the prospectus dated June 20, 2013. Persons with questions regarding the exchange offer should contact the exchange agent, Global Bondholder Services Corporation, at (866) 952-2200.
This press release shall not constitute an offer to purchase or the solicitation of an offer to buy any securities.
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 over 160 countries and territories. With 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, Tr3s, Paramount Channel and VIVA. 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.
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 future 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 and other programming; 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 but not limited to its 2012 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.