SEC Filings

WARNER MEDIA, LLC filed this Form FWP on 11/30/2016
Entire Document

Filed Pursuant to Rule 433

Final Term Sheet

November 29, 2016

Relating to Preliminary Prospectus Supplement

dated November 29, 2016

Registration Statement No. 333-209704

Time Warner Inc.

$1,500,000,000 3.80% Notes due 2027


Issuer:    Time Warner Inc.

Historic TW Inc.


Home Box Office, Inc.


Turner Broadcasting System, Inc.

Securities:    $1,500,000,000 3.80% Notes due 2027 (the “Notes”)
Size:    $1,500,000,000
Maturity Date:    February 15, 2027
Coupon:    3.80%
Interest Payment Dates:    February 15 and August 15, commencing August 15, 2017
Price to Public:    99.615%
Benchmark Treasury:    2.000% due November 15, 2026
Benchmark Treasury Yield:    2.295%
Spread to Benchmark Treasury:     Plus 155 bps
Yield:    3.845%
Make-Whole Call:    Treasury Rate plus 25 bps at any time prior to November 15, 2026 (three months prior to maturity); par call at any time on or after November 15, 2026
Expected Settlement Date:    December 8, 2016 (T+7)
CUSIP/ISIN:    887317BB0 / US887317BB04

Baa2 by Moody’s Investors Service, Inc.

BBB by Standard & Poor’s Ratings Services

BBB+ by Fitch Ratings, Inc.

Joint Book-Running Managers:    

Barclays Capital Inc.

Citigroup Global Markets Inc.

Mizuho Securities USA Inc.

Wells Fargo Securities, LLC

BNP Paribas Securities Corp.

Credit Agricole Securities (USA) Inc.

Morgan Stanley & Co. LLC

RBS Securities Inc.

Santander Investment Securities Inc.

SG Americas Securities, LLC

SMBC Nikko Securities America, Inc.