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Time Warner Inc prices $1.0 bln debt offering


Wednesday, 11 Dec 2013 08:22pm EST 

Time Warner Inc:Says priced a $500 million underwritten public offering of 4.05% senior notes due 2023 at a price equal to 99.699% of their face amount and a $500 million underwritten public offering of 5.35% debentures due 2043 at a price equal to 99.941% of their face amount.Says the net proceeds from the issuance of the notes and debentures will be used for general corporate purposes.Says the sale of the notes and debentures is expected to close on Dec. 16.Says Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and RBS Securities Inc. are the active joint book-running managers. 

Company Quote

84.93
0.55 +0.65%
19 Dec 2014