News Corp Announces Pricing and Upsizing of Private Offering of $1 Billion Senior Notes Due 2029
News Corporation - Class B (NWS)
US:NASDAQ Investor Relations:
investors.newscorp.com/investor-relations
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--News Corporation (“News Corp”) announced today the pricing of its private offering of $1 billion aggregate principal amount of Senior Notes due 2029 (the “Notes”). The aggregate principal amount of Notes to be issued in the offering was increased to $1 billion from the previously announced $750 million. The notes will bear interest at a rate of 3.875% per annum, payable semi-annually on May 15 and November 15 of each year, commencing November 15, 2021. The notes will mature on May 15, 2029. The sale of the Notes is expected to close on April 15, 2021, subject to customary closing conditions.News Corp plans to use the net proceeds from the offering for general corporate purposes, which may include acquisitions and working capital.News Corp has made the offering pursuant to an exemption under the Securities Act of 1933, as amended (the “Securities Act”). The initial purchasers of the Notes will offer the Notes only to persons reasonably believed to be qual
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