The wholly owned subsidiary of Twenty-First Century Fox, 21st Century Fox America, has announced the issuance of $850 million in aggregate principal amount of Senior Notes.
The news, which came late Tuesday, sees the bond offering come in two tranches.
One will see the sale of $450 million of 3.375% Senior Notes due 2026.
The other will involve the offering of $400 million of 4.750% Senior Notes due 2046.
The closing of the offering is expected to occur on Friday (11/18), subject to satisfaction of customary closing conditions.
Gross proceeds of $848,687,500 are expected from this offering, and 21st Century Fox America expects to use the net proceeds for general corporate purposes.