form8k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date of
report (Date of earliest event reported): March 25, 2010
CBS
CORPORATION
(Exact
name of registrant as specified in its charter)
Delaware
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001-09553
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04-2949533
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification Number)
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51
West 52nd
Street, New York, New York
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10019
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(Address
of principal executive offices)
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(zip
code)
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Registrant’s
telephone number, including area code: (212) 975-4321
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction
A.2. below):
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
8.01 Other Events.
On March
19, 2010, CBS Corporation (the “Company”) called for redemption all of the
Company’s 7.70% Senior Notes due July 30, 2010 (the “2010 Notes”) at a
redemption price equal to the sum of the principal amount of the 2010 Notes
outstanding, the make-whole amount calculated in accordance with the related
indenture and accrued and unpaid interest thereon to the redemption date of
April 30, 2010. The aggregate principal amount of 2010 Notes
outstanding on March 19, 2010 and not held by CBS Corporation or its affiliates
was approximately $415 million.
In
addition, on March 23, 2010, the Company reduced the amounts outstanding under
its revolving accounts receivable securitization program from approximately $400
million to zero and terminated such program.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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CBS
CORPORATION
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(Registrant)
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By:
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/s/ Louis J. Briskman
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Name:
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Louis
J. Briskman
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Title:
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Executive
Vice President and
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General
Counsel
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Date:
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March
25, 2010
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