Time Warner Inc. Announces Expiration and Final Settlement of Tender Offers and Consent Solicitations - Seite 2

Amount
Tendered

Reference
Security

Yield to
Maturity⁽¹⁾

Fixed
Spread

Total Consideration⁽²⁾⁽³⁾   9.150% Debentures due 2023 887315AM1 $602,337,000 1 $320,562,000*⁽⁴⁾ 2.000% UST due 11/30/2022 2.166% 70 bps $1,296.59 7.570% Debentures due 2024 887315BH1 $450,000,000 2 $313,891,000*⁽⁴⁾ 2.250% UST due 11/15/2027 2.394% 70 bps $1,247.34 6.850% Debentures due 2026 887315BB4 $28,481,000 3 $6,705,000* 2.250% UST due 11/15/2027 2.394% 120 bps $1,226.16 6.950% Debentures due 2028 887315BM0 $500,000,000 4 $329,979,000*⁽⁴⁾ 2.250% UST due 11/15/2027 2.394% 130 bps $1,271.57 6.625% Debentures due 2029 887315BN8 $670,146,000 5 $267,787,000* 2.250% UST due 11/15/2027 2.394% 135 bps $1,265.25 7.625% Debentures due 2031 00184AAC9 $872,361,000 6 $375,810,000* 2.250% UST due 11/15/2027 2.394% 145 bps $1,391.06 7.700% Debentures due 2032 00184AAG0 $929,535,000 7 $522,057,000* 2.250% UST due 11/15/2027 2.394% 150 bps $1,415.52 8.300% Discount Debentures due 2036 887315AZ2 $200,000,000 8 $41,597,000* 2.750% UST due 8/15/2047 2.755% 160 bps $1,489.82 6.500% Debentures due 2036 887317AD7 $527,958,000 9 $135,638,000* 2.750% UST due 8/15/2047 2.755% 165 bps $1,266.78 6.200% Debentures due 2040 887317AE5 $600,000,000 10 $243,134,000 2.750% UST due 8/15/2047 2.755% 170 bps $1,244.53 6.100% Debentures due 2040 887317AH8 $1,000,000,000 11 $540,517,000 2.750% UST due 8/15/2047 2.755% 170 bps $1,232.58 6.250% Debentures due 2041 887317AL9 $1,000,000,000 12 $404,562,000 2.750% UST due 8/15/2047 2.755% 170 bps $1,258.31  

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(1)		Yield to Maturity of the applicable Reference Security, determined in the manner described in the Offer to Purchase at 2:00 P.M., New York City time, on December 18, 2017.
(2)		Per $1,000 principal amount of Debentures validly tendered and not validly withdrawn and accepted for purchase in the applicable Offer at or prior to the Early Tender Deadline. In the case of the 8.300% Discount Debentures due 2036 (which were issued at a discount to their full face value), the principal amount used for purposes of determining the Early Tender Premium will be the full face value thereof.
(3)		Includes the Early Tender Premium (as defined below) per $1,000 principal amount of Debentures for each Series of Debentures set forth in this table.
(4)		The Requisite Consent (as defined below) was received for this Series of Debentures.
*		Includes the related Consents.

Approximately $1.7 million aggregate principal amount of the Debentures were validly tendered (with Consents validly delivered, if applicable) after 12:00 P.M. (noon), New York City time, on December 21, 2017 (the “Early Tender Deadline”) and at or prior to the Expiration Date. Subject to the terms and conditions of the Offers and the Consent Solicitations, Time Warner accepted for purchase Debentures validly tendered (with Consents validly delivered, if applicable) after the Early Tender Deadline and at or prior to the Expiration Date in an aggregate principal amount equal to $1.7 million and with an aggregate purchase price (including principal and premium, but excluding accrued interest) equal to approximately $2.0 million. The aggregate principal amount of Debentures tendered (with Consents validly delivered, if applicable) at or prior to the Early Tender Deadline and after the Early Tender Deadline and at or prior to the Expiration Date, and not validly withdrawn (or Consents revoked), was approximately $3.5 billion, with an aggregate purchase price (including principal and premium, but excluding accrued interest) equal to approximately $4.5 billion (which price does not exceed the Maximum Purchase Price). In addition, no additional requisite consents to effect the Proposed Amendments, as described in the Offer to Purchase (the “Requisite Consents”), were received. Accordingly, Time Warner will not enter into any additional supplemental indentures.