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NBCU Sells $2B in Bonds

Proceeds will be used to boost working capital and for general corporate purposes, source tells Bloomberg

NBC Universal sold more than $2 billion in debt Friday in a two-part transaction, Bloomberg reported.

The offering, the media company's first in more than a year, consisted of $1 billion in 2.875 percent notes, which will mature in 2023, and $1 billion in 4.45 percent notes, due to mature in 2043. A source who chose to remain anonymous told Bloomberg that the proceeds from the sales will be applied to boost working capital and for general corporate purposes.

Also read: 8 Outside Executives Named to Women at NBCU Advisory Board 

The company last sold debt bonds in July  2011, hawking $2 billion in notes that are due in April 2021.

The latest batch of bonds was rated at Baa2 — meaning they are subject to moderate credit risk, and rate two levels above speculative grade — by Moody's Investors Service. Standard & Poor's, meanwhile, gave the new bonds a BBB+ rating, three levels higher than junk.