Time WarnerInc. priced an underwritten public of $800 million in 2.95% seniornotes due 2026.
The debt offering, which was priced at a price equal to98.702% of their face amount, is expected to close on May 10, the company saidMay 5. The company will use the net proceeds for general corporate purposes.
The notes will be guaranteed by Also, and will guarantee the obligations of Historic TW under its guarantee.
The active joint book-running managers for the offering areCitigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Merrill LynchPierce Fenner & Smith Inc. and Mizuho Securities USA Inc.