Fox to issue $1BN in senior notes


Details

Michelle Clancy

| 16 October 2015





In a major refinancing, 21st Century Fox America has announced the pricing of an issuance of $1 billion of notes.


The company will send out $600 million of 3.7% senior notes due 2025 and $400 million of 4.95% senior notes due 2045, all guaranteed by the company. The closing of the offering is expected to occur on 21 October. 21CFA will receive gross proceeds of $996,034,000 from this offering and expects to use the net proceeds for general corporate purposes.

The offering will be made in accordance with Rule 144A under the Securities Act of 1933, as amended, to purchasers in the United States and in accordance with Regulation S under the Securities Act to purchasers outside of the United States. The offering of the notes has not been registered under the Securities Act, and they can't be offered or sold absent registration or an applicable exemption from registration.