Viacom to sell int’l securities

Bressler joins as chief financial officer

Viacom said last week it plans to sell $1.4 billion in global debt securities and use the proceeds to repay existing short-term debt.

“The offering is a reflection of Viacom’s strong balance sheet and the financing opportunities available to us because of our investment grade ratings,” Viacom’s newly installed chief financial officer Richard Bressler said. Bressler joined Viacom from AOL Time Warner earlier this year.

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