Time Warner (NYSE:TWX) has priced $2.1B in debt. One offering is $1.5B in 3.6% senior notes due 2025 (priced to 99.76% of face). The other, a $600M offering of 4.85% debentures due 2045 (priced to 99.929% of face). The company plans to use proceeds to retire outstanding 3.15% notes due 2015. The sale's expected to close next thursday, June 4; the company also announced a tender offer for outstanding 5.875% notes due in 2016.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.