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United States : Time Warner Inc. Announces Proposed Debt Offering

May 21, 2014



Time Warner Inc. today announced that it has commenced an underwritten public offering of debt securities consisting of senior notes due 2019, senior notes due 2024 and senior debentures due 2044, each of benchmark size. The net proceeds from the issuance of the notes and debentures will be used for general corporate purposes, including share repurchases.

The notes and 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 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. BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC are the active joint book-running managers. Copies of the preliminary prospectus supplement and accompanying prospectus may be obtained by contacting BofA Merrill Lynch at 1 (800) 294-1322, Citigroup Global Markets Inc. at 1 (800) 831-9146, Credit Suisse Securities (USA) LLC at 1 (800) 221-1037, and Morgan Stanley & Co. LLC at 1 (866) 718-1649. An electronic copy of the preliminary prospectus supplement, together with the accompanying prospectus, is also available on the SEC s website, www.sec.gov.


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Source: TendersInfo (India)


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