debt
confidence high
sentiment neutral
materiality 0.50
Fox Corp closes $1.25B offering of 6.500% senior notes due 2033
Fox Corp
- Issued $1.25B aggregate principal of 6.500% senior notes due Oct 13, 2033; net proceeds ~$1.23B.
- Interest payable semi-annually Apr 13 and Oct 13, first payment Apr 13, 2024.
- Notes are senior unsecured; subject to subsidiary guarantee in certain circumstances.
- Proceeds for general corporate purposes; offering led by J.P. Morgan, Citigroup, Deutsche Bank, Goldman Sachs, Morgan Stanley.
- Make-whole redemption at T+30 bps prior to July 13, 2033; thereafter at par.