Versant Media Group Raises $2 Billion Ahead of Comcast Spinoff

Versant Media Group Inc. raised $2 billion in leveraged financing Thursday to fund a payment to parent Comcast Corp. tied to the cable-channel operator’s spinoff from the owner of NBC and Universal.

The firm sold $1 billion of high-yield notes and a $1 billion leveraged loan that will both mature in about five years, according to people familiar with the matter who asked not to be identified as they’re not authorized to speak publicly.