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Time Warner to price offering of 10-year benchmark notes
By Lisa Kerner
Charlotte, N.C., May 5 – Time Warner Inc. is set to price senior notes due 2026 of benchmark size, according to a 424B3 filed with the Securities and Exchange Commission and a news release.
Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., BofA Merrill Lynch and Mizuho Securities USA Inc. are the active joint bookrunning managers.
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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