SEC Filings

TURNER BROADCASTING SYSTEM INC filed this Form 424B3 on 11/29/2016
Entire Document
Table of Contents

Filed Pursuant to Rule 424(B)(3)
Registration No. 333-209704


This preliminary prospectus supplement relates to an effective registration statement under the Securities Act of 1933, but is not complete and may be changed. This preliminary prospectus supplement and the accompanying prospectus are not an offer to sell these securities and are not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.




(To Prospectus Dated February 25, 2016)




$                % Notes due 2027



The     % Notes due 2027 (the “notes”) will be issued by Time Warner Inc. and will be guaranteed by Historic TW Inc. In addition, Home Box Office, Inc. and Turner Broadcasting System, Inc. will guarantee Historic TW Inc.’s guarantee of the notes.

The notes will mature on                 , 2027. Interest on the notes will be payable semi-annually in arrears on                  and                 of each year, beginning on                 , 2017. We may redeem some or all of the notes at any time or from time to time, in whole or in part, at our option, at the applicable redemption prices set forth under the heading “Description of the Notes — Optional Redemption.”

The notes will be senior unsecured obligations of Time Warner Inc. and will rank equally with all of Time Warner Inc.’s other existing and future senior unsecured obligations. The guarantees will be the senior unsecured obligations of the applicable guarantor and will rank equally with all other senior unsecured obligations of the applicable guarantor.

The notes will not be listed on any securities exchange. Currently, there is no public market for the notes.



Investing in the notes involves risks. See “Risk Factors” beginning on page S-5 of this prospectus supplement.


     Public Offering
    Proceeds Before
Expenses to
Time Warner

Per Note due 2027



   $                   $                   $                


(1) Plus accrued interest from December                 , 2016, if settlement occurs after that date.

Neither the Securities and Exchange Commission nor any state or foreign securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

Delivery of the notes in book-entry form only will be made through The Depository Trust Company, Clearstream Banking S.A. Luxembourg and the Euroclear System, on or about December                 , 2016 against payment in immediately available funds. Purchasers of the notes should note that trading of the notes may be affected by the T+7 settlement. See “Underwriting” beginning on page S-21 of this prospectus supplement.



Joint Book-Running Managers


Barclays   Citigroup   Mizuho Securities   Wells Fargo Securities

Senior Co-Managers

The date of this Prospectus Supplement is                 , 2016