May 11, 2009 (FinancialWire) — CBS Corp. (NYSE: CBS.A) has priced a debt offering of $400 million of 8.20% senior notes due 2014 and $350 million of 8.875% senior notes due 2019. Banc of America Securities (NYSE: BAC), Citi (NYSE: C), J.P. Morgan Securities (NYSE: JPM) and UBS Securities served as joint lead and joint book managers.

The company plans to use the net proceeds of the offering to fund its pending offer to purchase its outstanding 7.70% senior notes due 2010 and for general corporate purposes.

New York-based CBS is a media company with operations in broadcast television, cable television, local television, television production and syndication, radio, outdoor advertising, publishing, interactive media, music, licensing and merchandising, video and DVD, in-store media and motion pictures.

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