Press release
News Corp Announces Private Offering of $500 Million of Senior Notes Due 2032
NEW YORK--(BUSINESS WIRE)-- News Corporation (“News Corp”) announced today that it is offering $500 million aggregate principal amount of Senior Notes due
About this update from News Corporation
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nNews Corporation (“News Corp”) announced today that it is offering $500 million aggregate principal amount of Senior Notes due 2032 (the “Notes”) in a private offering, subject to market and other conditions.\n\nNews Corp plans to use the net proceeds from the offering for general corporate purposes, including to fund the acquisitions of the Base Chemicals and Oil Price Information Service businesses from S&P Global Inc. and IHS Markit Ltd.\n\nNews Corp will make 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 qualified institutional buyers in reliance on Rule 144A under the Securities Act or to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act. The Notes have not been and will not be registered under the Securities Act of 1933 or under any state securities laws. Therefore, News Corp may not offer or sell the Notes within the United States to, or for the account or benefit of, any United States person unless the offer or sale would qualify for a registration exemption from the Securities Act and applicable state securities laws.\n\nThis press release does not constitute an offer to sell or a solicitation of an offer to buy the Notes described in this press release, nor shall there be any sale of the Notes in any state or jurisdiction in which such an offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.\n\nAbout News Corp\n\nNews Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: digital real estate services, subscription video services in Australia, news and information services and book publishing. Headquartered in New York, News Corp operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide.\n\nForward-Looking Statements\n\nThis release contains forward-looking statements based on curren...