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BRIEF-Time announces launch of senior notes offering
2017年10月2日 / 中午11点50分 / 16 天前

BRIEF-Time announces launch of senior notes offering

Oct 2 (Reuters) - Time Inc

* Time Inc announces launch of senior notes offering

* Time Inc - ‍launched a private offering of $300 million aggregate principal amount of senior notes​

* Time Inc - to use proceeds from offering, cash on hand to repay about $200 million of outstanding borrowings under co’s senior secured term loan facility​

* Time - to use net proceeds from offering, cash on hand to reduce by about $100.0 million principal amount of term loan facility, 5.75% senior notes due 2022 Source text for Eikon: Further company coverage:

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