Time Warner Begins Underwritten Public Offering of 2027 Senior Notes

Time Warner said it is commencing an underwritten public offering of senior notes due 2027 to use for general corporate purposes, including the repayment of debt.

The issue is of an unspecified “benchmark size,” Time Warner said, adding that it carries the same guarantees as all bonds issued by the company since 2010.

The notes will be issued by Time Warner and guaranteed by Historic TW and in addition Home Box Office and Turner Broadcasting System will guarantee the obligations of Historic TW under its guarantee, it said.  Shares were up 0.4% at midday on Tuesday.