Comcast 2012 Annual Report Download - page 121

Table of Contents
and $725 million of Holdco preferred stock. After closing, we will control and consolidate HoldCo and own all of its capital stock other
than the preferred stock. HoldCo’
s debt securities and credit facility will be guaranteed by us and the cable holding company
subsidiaries that guarantee our senior indebtedness. The preferred stock will pay dividends at a fixed rate and can be put to HoldCo
for redemption at par on the later of seven years following the issuance of the preferred stock and three years following the sale by
GE of shares to unaffiliated third parties, and thereafter, every third anniversary of such date (a “Put Date”).
Shares of preferred
stock can be called for redemption by HoldCo at par one year following each Put Date applicable to such shares.
Note 22: Condensed Consolidating Financial Information
Comcast Corporation (“Comcast Parent”)
and four of our 100% owned cable holding company subsidiaries, Comcast Cable
Communications, LLC (“CCCL Parent”), Comcast MO Group, Inc. (“Comcast MO Group”), Comcast Cable Holdings, LLC (“CCH”
)
and Comcast MO of Delaware, LLC (“Comcast MO of Delaware”), have fully and unconditionally guaranteed each other’
s debt
securities. Comcast MO Group, CCH and Comcast MO of Delaware are collectively referred to as the “Combined CCHMO Parents.”
The debt securities within the guarantee structure total $29.0 billion, of which $9.9 billion will mature within the next five years.
Comcast Corporation provides an unconditional subordinated guarantee of the $185 million principal amount currently outstanding of
Comcast Holdings’
ZONES due October 2029. Comcast Corporation does not guarantee the $62 million principal amount currently
outstanding of Comcast Holdings’ ZONES due November 2029.
Comcast 2012 Annual Report on Form 10-K
118