Time Warner to price $750 million of new, reopened bonds Tuesday

By Aleesia Forni

New York, Nov. 17 – Time Warner Inc. is set to price a $750 million bond offering in new and reopened tranches on Tuesday, according to an informed source and a 424B3 filed with the Securities and Exchange Commission.

The sale will include a tranche of notes due 2026, along with a tap of the company’s existing 4.85% debentures due July 15, 2045, of which $600 million priced at Treasuries plus 195 basis points on May 28, 2015.

Barclays, Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC are the joint bookrunners.

The notes will be guaranteed by Historic TW Inc. In addition, Home Box Office, Inc. and Turner Broadcasting System, Inc. will guarantee Historic TW’s guarantee of the notes.

Proceeds will be used for general corporate purposes.

The media company is based in New York.

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