Fox Corporation Announces Pricing of Senior Notes
NEW YORK and LOS ANGELES, March 31, 2020 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) (the "Company") today announced the pricing of its public offering of $600,000,000 million aggregate principal amount of 3.050% Senior Notes due 2025 and $600,000,000 million aggregate principal amount of 3.500% Senior Notes due 2030 (collectively, the "Notes"). The Company expects the offering of the Notes to close on April 7, 2020, subject to customary closing conditions.
The Company intends to use the net proceeds from the offering for general corporate purposes.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are acting as the joint book-running managers for the offering.
The offering was made under an automatic shelf registration statement that was filed with the Securities and Exchange Commission (the "SEC") on March 31, 2020. The terms and conditions of the Notes will be set forth in a prospectus and related prospectus supplement, copies of which may be obtained by visiting the SEC's website at www.sec.gov or by contacting Citigroup Global Markets Inc. c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-800-831-9146 or email: firstname.lastname@example.org or J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, Attention: Investment Grade Syndicate Desk - 3rd floor. Tel: (212) 834-4533 (collect).
This news release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase the Notes. No offer, solicitation or sale will be made in any jurisdiction in which such an offer, solicitation or sale would be unlawful.
About Fox Corporation
Cautionary Note Regarding Forward Looking Statements
Statements in this news release speak only as of the date hereof. The Company undertakes no duty to update or release any revisions to any forward-looking statement made in this news release or to report any events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or to conform such statements to actual results or changes in the Company's expectations, except as required by law.
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SOURCE Fox Corporation
Company Codes: NASDAQ-NMS:FOX, NASDAQ-NMS:FOXA
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