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Simpson Thacher recently represented J.P. Morgan Securities LLC, Goldman Sachs Credit Partners L.P., Morgan Stanley Senior Funding, Inc. and the other Arrangers in connection with a $1.35 billion acquisition financing facility for NBCUniversal Enterprise, Inc. Proceeds of a drawing under the facility were used at closing to finance in part the $16.7 billion acquisition by Comcast Corporation of General Electric Company’s remaining 49% common equity interest in NBCUniversal, LLC. The transactions also resulted in the incorporation of NBCUniversal Media, LLC into Comcast’s existing cross-guarantee structure, pursuant to which Comcast Corporation and certain of its cable holding companies now guarantee the acquisition financing facility and NBCUniversal Media, LLC’s $11 billion of public debt securities and NBCUniversal Media, LLC guarantees Comcast Corporation’s $6.25 billion revolving credit facility and Comcast Corporation and such cable holding companies’ $30 billion of public debt securities.

Comcast Corporation is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal.  Comcast Cable is the nation's largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand and also provides these services to businesses.  NBCUniversal operates 30 news and entertainment cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks and Resorts.

The Simpson Thacher team for this transaction included Justin M. Lungstrum, Brian E. Korchin and Adam J. Moss (Banking and Credit); Brian D. Robbins and Paul R. Koppel (Executive Compensation and Employee Benefits); and Chang Won Choi (Tax).