A Big Bond Offering For 21st Century Fox


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.

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Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. From 1996 to 2006 he served as an editor at Radio & Records.