Davis Polk advised Comcast Corporation, Comcast Cable Communications, LLCand NBCUniversal Enterprise, Inc. in connection with the issuance and sale of $1.5 billion aggregate principal amount of senior floating-rate notes of NBCUniversal Enterprise, Inc.  The notes are guaranteed by Comcast and Comcast Cable. Sales of the notes were made in a private placement pursuant to Rule 144A.

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

NBCUniversal Enterprise, Inc. is a Comcast subsidiary that indirectly holds a portion of Comcast’s interest in NBCUniversal Media LLC.  NBCUniversal Enterprise is exempt from registration as an investment company under Section 3(c)(7) of the Investment Company Act of 1940, and ownership of the notes is limited to investors who are “qualified purchasers.”

The Davis Polk corporate team included partner Bruce K. Dallas and associates Tyler P. Pender and Randy Li. The tax team included partner Rachel D. Kleinberg. Associate Brantley Hawkins provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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