Time Warner Prices $2.0 Bln Debt Offering

(RTTNews) - Time Warner Inc. (TWX) said Tuesday that it has priced a $650 million underwritten public offering of 2.10% senior notes due 2019 at a price equal to 99.948% of their face amount, a $750 million underwritten public offering of 3.55% senior notes due 2024 at a price equal to 99.908% of their face amount and a $600 million underwritten public offering of 4.65% debentures due 2044 at a price equal to 98.930% of their face amount.

The sale of the notes and debentures is expected to close on May 28.

The net proceeds from the issuance of the notes and debentures will be used for general corporate purposes, including share repurchases.