March 29 (Reuters) - Time Warner Inc on Tuesday
sold $2 billion of senior unsecured notes in two parts, said
IFR, a Thomson Reuters service.
Bank of America Merrill Lynch, BNP Paribas, RBS and Wells Fargo were the active joint bookrunning managers for the sale.
BORROWER: TIME WARNER INC
TRANCHE 1 AMT $1 BLN COUPON 4.75 PCT MATURITY 3/29/2021 TYPE SR NTS ISS PRICE 98.943 FIRST PAY 9/29/2011 MOODY'S Baa2 YIELD 4.885 PCT SETTLEMENT 4/1/2011 S&P TRIPLE-B SPREAD 140 BPS PAY FREQ SEMI-ANNUAL FITCH TRIPLE-B MORE THAN TREAS MAKE-WHOLE CALL 25 BPS
TRANCHE 2 AMT $1 BLN COUPON 6.25 PCT MATURITY 3/29/2041 TYPE SR NTS ISS PRICE 98.707 FIRST PAY 9/29/2011 MOODY'S Baa2 YIELD 6.347 PCT SETTLEMENT 4/1/2011 S&P TRIPLE-B SPREAD 180 BPS PAY FREQ SEMI-ANNUAL FITCH TRIPLE-B MORE THAN TREAS MAKE-WHOLE CALL 35 BPS
Keywords: TIMEWARNER DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Bank of America Merrill Lynch, BNP Paribas, RBS and Wells Fargo were the active joint bookrunning managers for the sale.
BORROWER: TIME WARNER INC
TRANCHE 1 AMT $1 BLN COUPON 4.75 PCT MATURITY 3/29/2021 TYPE SR NTS ISS PRICE 98.943 FIRST PAY 9/29/2011 MOODY'S Baa2 YIELD 4.885 PCT SETTLEMENT 4/1/2011 S&P TRIPLE-B SPREAD 140 BPS PAY FREQ SEMI-ANNUAL FITCH TRIPLE-B MORE THAN TREAS MAKE-WHOLE CALL 25 BPS
TRANCHE 2 AMT $1 BLN COUPON 6.25 PCT MATURITY 3/29/2041 TYPE SR NTS ISS PRICE 98.707 FIRST PAY 9/29/2011 MOODY'S Baa2 YIELD 6.347 PCT SETTLEMENT 4/1/2011 S&P TRIPLE-B SPREAD 180 BPS PAY FREQ SEMI-ANNUAL FITCH TRIPLE-B MORE THAN TREAS MAKE-WHOLE CALL 35 BPS
Keywords: TIMEWARNER DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.