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Comcast Raises $4 Billion in New Debt to Offset Virus Impact

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Comcast has raised $4 billion through a debt offering to offset the impact of the COVID-19 outbreak on its businesses, according to a SEC filing made public Wednesday. "The impact of coronavirus disease 2019 and measures to prevent its spread are affecting the company’s businesses in a number of ways.

For example, the company has closed all of its theme parks; the company has delayed theatrical distribution of films both domestically and international," Comcast said in the regulatory filing.

The cable giant also said the production and distribution supply chains for its film and TV programming in the U.S. and globally had been disrupted, especially with delays or cancellation of sporting events, including the 2020 Tokyo Olympics.

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