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Time Warner proposes underwritten public debt offering

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Time Warner proposes underwritten public debt offering

Time Warner Inc.proposed an underwritten public offering of benchmark size senior notes due 2026.

The company plans to use the net proceeds from the issuance ofnotes for general corporate purposes, the company said May 5. The debt securitieswill be guaranteed by Historic TWInc., Home Box OfficeInc. and Turner BroadcastingSystem Inc.

Time Warner on Feb. 25 filedan automatic shelf registration for the sale of an unspecified amount of securities.