Time Warner Inc.
$2,100,000,000 2-part Senior Notes
Time Warner Inc. raises $2.1B to repurchase shares and to retire outstanding debt
$1,500,000,000 of Senior Notes due 2025
$600,000,000 of Senior Notes due 2045
On May 28, 2015, Siebert Brandford Shank participated as a senior co-manager on a $2.1B, 2-part offering for Time Warner Inc. The proceeds from the issuance of the notes will be used for general corporate purposes, particularly share repurchases, and the retirement at maturity of their 3.15% Notes due 2015. As the day progressed, the 10-year tranche tightened by 10 basis points while the 30-year tranche tightened by 5 basis points from initial thoughts. The transaction settled on June 4, 2015.