Cox Communications, Inc. Announces Pricing of $1.0 Billion Debt Offering
ATLANTA, Sep 17, 2002 (BUSINESS WIRE) -- Cox Communications, Inc. (NYSE: COX) today announced it has agreed to sell $1.0 billion of 7 1/8% notes due 2012 for aggregate proceeds of approximately $992.6 million.
Cox intends to use proceeds from the offering to repay outstanding indebtedness and for general corporate purposes. J.P. Morgan Securities Inc. and Salomon Smith Barney Inc. are the joint book-running managers of the offering.
These debt securities will be sold pursuant to Cox's shelf registration statements, which have been declared effective by the U.S. Securities and Exchange Commission. This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any debt securities of Cox.
Cox Communications, a Fortune 500 company, is a multi-service broadband communications company serving approximately 6.3 million customers nationwide. Cox is the nation's fifth-largest cable television provider, and offers both traditional analog video programming under the Cox Cable brand as well as advanced digital video programming under the Cox Digital Cable brand. Cox provides an array of other communications and entertainment services, including local and long distance telephone under the Cox Digital Telephone brand; high-speed Internet access under the brands Cox High Speed Internet and Cox Express; and commercial voice and data services via Cox Business Services. Cox is an investor in programming networks, including Discovery Channel. More information about Cox Communications can be accessed on the Internet at www.cox.com.
CONTACT: Cox Communications, Inc. Media Relations Bobby Amirshahi, 404/843-7872 email@example.com or Investor Relations Lacey Lewis, 404/269-7608 firstname.lastname@example.org