Time Warner Inc. Announces Proposed Debt Offering
November 17 2015 - 8:54AM
Business Wire
Time Warner Inc. (NYSE:TWX) today announced that it has
commenced an underwritten public offering of debt securities
consisting of senior notes due 2026 of benchmark size and 4.85%
Debentures due 2045 (“additional debentures”). The additional
debentures constitute an additional issuance of, will form a single
series with, will have the same terms and CUSIP number as, and will
trade interchangeably with, the outstanding 4.85% Debentures due
2045 issued by Time Warner on June 4, 2015. The net proceeds from
the issuance of the notes and additional debentures will be used
for general corporate purposes.
The notes and additional debentures will be issued by Time
Warner and guaranteed by Historic TW Inc. In addition, Home Box
Office, Inc. and Turner Broadcasting System, Inc. will guarantee
the obligations of Historic TW Inc. under its guarantee. The
guarantee structure for the notes and additional debentures will be
the same as the structure for the notes and debentures Time Warner
has issued since 2010. The offering is being made pursuant to an
effective registration statement on Form S-3 filed with the
Securities and Exchange Commission (“SEC”). Interested parties
should read the prospectus included in such registration statement
and the preliminary prospectus supplement for the offering and
other documents that Time Warner has filed with the SEC for more
complete information about Time Warner and the offering.
The offering is being made only by means of a prospectus and a
related prospectus supplement. Barclays Capital Inc., Citigroup
Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan
Securities LLC are the active joint book-running managers for the
offering. Copies of the preliminary prospectus supplement and
accompanying prospectus may be obtained by contacting Barclays
Capital Inc. at 888-603-5847, Citigroup Global Markets Inc. at
800-831-9146, Deutsche Bank Securities Inc. at 800-503-4611, and
J.P. Morgan Securities LLC at 212-834-4533. An electronic copy
of the preliminary prospectus supplement, together with the
accompanying prospectus, is also available on the SEC’s website,
www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the
notes, additional debentures and guarantees in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
ABOUT TIME WARNER INC.
Time Warner Inc., a global leader in media and entertainment
with businesses in television networks and film and TV
entertainment, uses its industry-leading operating scale and brands
to create, package and deliver high-quality content worldwide on a
multi-platform basis.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This document contains certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements are based on management’s current
expectations or beliefs, and are subject to uncertainty and changes
in circumstances. Actual results may vary materially from those
expressed or implied by the statements herein due to changes in
economic, business, competitive, technological, strategic and/or
regulatory factors and other factors affecting the operation of
Time Warner’s businesses. More detailed information about these
factors may be found in filings by Time Warner with the SEC,
including its most recent Annual Report on Form 10-K and subsequent
Quarterly Reports on Form 10-Q. Time Warner is under no obligation,
and expressly disclaims any such obligation, to update or alter its
forward-looking statements, whether as a result of new information,
future events, or otherwise.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151117006096/en/
Time Warner Inc.Corporate
CommunicationsKeith Cocozza 212-484-7482orInvestor RelationsMichael Kopelman
212-484-8920Michael Senno 212-484-8950
Time Warner (NYSE:TWX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Time Warner (NYSE:TWX)
Historical Stock Chart
From Apr 2023 to Apr 2024