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
001-09553
04-2949533
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification Number)

51 West 52nd Street, New York, New York
10019
(Address of principal executive offices)
(zip code)
 

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):
 
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 

 
 
 

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.
 

 
2 
 

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.
 
   
CBS CORPORATION
  
   
(Registrant)
  
         
         
         
   
By:
/s/ Louis J. Briskman 
  
     
Name:
Louis J. Briskman
  
     
Title:
Executive Vice President and
  
       
General Counsel
  
         
         
         
         
Date:
March 25, 2010
      

 
 
3