MEDIA & ENTERTAINMENT
From Times Staff and Wire Reports
Time Warner Concludes Debt Package: Time Warner Inc. said it concluded arranging $1.1 billion in long-term senior debt financing. The package includes $600 million in 10-year senior notes, $250 million in 20-year senior notes and $250 million in long-term senior notes pursuant to a forward commitment contract with Merrill Lynch. The New York-based media giant said proceeds from the financing will be used to replace the firm’s bank debt.
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