ViacomCBS (NASDAQ: VIAC) (NASDAQ: VIACA) is looking to the debt markets for a fresh round of financing. The company announced Friday that it is floating $1.25 billion worth of debt securities on the market. The company is selling senior notes with an aggregate principal amount of 4.75%, which mature in 2025. On maturity, they will be paid at a level just under 99.5% of the principal amount. ViacomCBS expects the issue to close next Wednesday, April 1. The entertainment giant, which owns such high-profile media brands as Nickelodeon, Paramount, and Showtime, said it will utilize the funds from the issue for "general corporate purposes." Outside of stating that this might include debt repayment, it did not get any more specific. Image source: Paramount Studios (ViacomCBS). The joint book-running managers of the flotation are Bank of America's BofA Securities, Goldman Sachs, Morgan Stanley, and JPMorgan Chase unit J.P. Morgan Securities. Like other entertainment companies, ViacomCBS is actually doing well relative to the wider economy. The reason, naturally, is the outbreak of the SARS-CoV-2 coronavirus, which in many municipalities and countries has engendered "stay at home" orders from the authorities. With people essentially forced to remain indoors all the time, broadcast entertainment is a popular way to pass the time. Still, ViacomCBS is facing an uncertain future like many businesses. Also on Friday, the company said it is withdrawing its full-year 2020 guidance. The disruptive nature of the coronavirus outbreak has affected other parts of its business, specifically its feature film operations. It says these disruptions "could be material to the Company's operating results, cash flows and financial position." Perhaps for that reason, both classes of the company's shares fell at marginally steeper rates than other top stocks, and the broader market indexes on Friday. 10 stocks we like better than ViacomCBS IncWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and ViacomCBS Inc wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of March 18, 2020 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source