Time Warner prices USD1.5bn debt offering

Time Warner Inc. (NYSE: TWX) has priced a USD1.5 billion underwritten public offering of 3.80% senior notes due 2027 at a price equal to 99.615% of their face amount, the company said.

The net proceeds from the issuance of the notes will be used for general corporate purposes, including the repayment of indebtedness. The sale of the notes is expected to close on December 8, 2016.

Time Warner provides media and entertainment with businesses in television networks and film and TV entertainment, using its operating scale and brands to create, package and deliver high-quality content worldwide on a multi-platform basis.