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Time Warner holders tender $773.05 million of 6.75% notes due 2011
By Susanna Moon
Chicago, March 11 - Time Warner Inc. said its investors tendered $773,045,000 principal amount of its outstanding $1 billion of 6.75% notes due 2011.
The offer expired at 11:59 p.m. ET on March 10.
For each $1,000 principal amount, the company will pay 1,066.25 plus accrued interest up to the purchase date.
There was no minimum tender condition.
Barclays Capital Inc. (800 438-3242), BNP Paribas Securities Corp. (800 854-5674) and Citigroup Global Markets Inc. (800 558-3745) are the dealer managers. D.F. King & Co., Inc. is the information agent (800 758-5880 or call collect 212 269-5550).
The notes are guaranteed by Time Warner NY Cable Holding Inc. and Time Warner Entertainment Co. LP. The cable television operator is based in New York City.
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