trending Market Intelligence /marketintelligence/en/news-insights/trending/4jOP8I5CKCdwW-k6ijmtsQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Fox files for exchange offer for senior notes worth $6.8B

Blog

Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain

Blog

Fintech Intelligence Newsletter: February 2021

PODCAST

Episode 5: The Future of Work - The World of Workforce Experience and Productivity

Blog

Needham & Company is Now Available in the S&P Global Market Intelligence Aftermarket Research Collection


Fox files for exchange offer for senior notes worth $6.8B

Fox Corp. filed a registration statement Jan. 9 in connection with a $6.8 billion senior notes exchange offer.

The company is offering $750 million of 3.666% senior notes due Jan. 25, 2022, $1.25 billion of 4.030% senior notes due Jan. 25, 2024, $2 billion of 4.709% senior notes due Jan. 25, 2029, $1.25 billion of 5.476% senior notes due Jan. 25, 2039 and $1.55 billion of 5.576% senior notes due Jan. 25, 2049, in exchange for the same principal amount of outstanding notes of the applicable series.

Interest on the exchange notes will be paid semi-annually in arrears on Jan. 25 and July 25 of each year. No subsidiaries of the company will initially guarantee the exchange notes. Following the issue date of the exchange notes, Fox subsidiaries will guarantee the exchange notes on a senior unsecured basis, according to a Jan. 9 company release.

Fox will not receive any cash proceeds from the issuance of the exchange notes.