Time Warner Announces Pricing for Cash Tender Offers


NEW YORK--(BUSINESS WIRE)--Time Warner Inc. (NYSE:TWX) today announced the pricing for its previously announced cash tender offers to purchase the outstanding debt securities of Time Warner and Historic TW Inc. forth in the column entitled “Debentures” in the table below. In conjunction with certain of the Offers, Time Warner also commenced solicitations of consents to amend certain provisions of the indentures governing the applicable Series of Debentures. The Proposed Amendments would amend the applicable indenture with respect to the applicable Series of Debentures to, among other things, eliminate substantially all of the restrictive covenants and certain events of default, modify notice requirements for redemption and related provisions contained in the indentures and, under the indenture, dated as of January 15, 1993 (the “1993 Indenture”), among HTW (in its capacity as successor by merger to TWCI), as issuer, the guarantors party thereto and The Bank of New York Mellon, as trustee (as amended or supplemented), provide that any and all guarantees of the applicable Series of Debentures issued under the 1993 Indenture may be released.


Time Warner Inc., a global leader in media and entertainment with businesses in television networks and film and TV entertainment, uses its industry-leading operating scale and brands to create, package and deliver high-quality content worldwide on a multi-platform basis.

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