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Time Warner Sells $2B In Notes

U.S. entertainment conglomerate, Time Warner, has raised $2 billion through a two part sale of senior secured notes.

    U.S. entertainment conglomerate, Time Warner, has raised $2 billion through a two part sale of senior secured notes,Reutersreports. The first tranche of notes worth $1 billion, which carry a coupon rate of 4.75%, will be due on March 29, 2021.

    The second $1 billion tranche, which carries a coupon rate of 6.25%, will mature on March 29, 2041. The joint book-running managers for the sale were Bank of America Merrill Lynch, BNP Paribas, RBS and Wells Fargo.

    Click here for the story fromReuters.

    Click here for additional coverage fromRTT News.

    
       
    
       
      
    
      
    
       
    
        
       
    
      
    
     
    
     
    
      
      
    
       
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