CBS announced that its CBS Outdoor advertising subsidiaries have priced an $800 million offering of senior unsecured notes in two tranches - $400 million of 5.25% notes due 2022, and $400 million of 5.625% notes due 2024. The notes are being issued as part of the company's plans to separate the outdoor business, and the offering is expected to close on January 31, 2014, subject to customary closing conditions. CBS also announced that the CBS Outdoor subsidiaries have established pricing for an $800 million term loan B facility maturing in 2021, at a rate of LIBOR plus 2.25% with a LIBOR floor of 0.75%.