June 25, 2018 2:28 PM ET

Media

Company Overview of Historic TW Inc.

Company Overview

Historic TW Inc. owns and operates television networks and publishes magazines and books in the United States and internationally. Its operations include feature films, TV and home entertainment production, distribution to home video, digital distribution, animation, comic books, licensing, and international cinemas and broadcasting. The company was formerly known as Time Warner, Inc. and changed its name to Historic TW Inc. in October 2003. The company was incorporated in 1989 and is based in New York, New York. Historic TW Inc. operates as a subsidiary of Time Warner Inc.

75 Rockefeller Plaza

New York, NY 10019

United States

Founded in 1989

69,700 Employees

Phone:

212-484-8000

Fax:

212-258-3160

Key Executives for Historic TW Inc.

Senior Vice President and Treasurer
Age: 65
Compensation as of Fiscal Year 2017.

Historic TW Inc. Key Developments

Time Warner Inc. Completes Early Settlement of Cash Tender Offers to Purchase Outstanding Debt Securities of Time Warner and Historic TW Inc

On December 22, 2017, Time Warner Inc. (“Time Warner”) completed the early settlement of the previously announced cash tender offers to purchase the outstanding debt securities of Time Warner and Historic TW Inc. (“HTW”, including in its capacity as successor by merger to Time Warner Companies Inc. (“TWCI”)) for an aggregate purchase price (including principal and premium, but excluding accrued interest) of $4.5 billion. The offers will expire at 11:59 P.M., New York City time, on January 2, 2018 (the “Expiration Date”).  Time Warner will purchase any remaining Debentures that have been validly tendered (with consents delivered, if applicable) at or prior to the expiration date on the final settlement date, which is expected to occur on January 3, 2018, subject to certain terms and conditions, including an aggregate purchase price for the Debentures subject to the offers (including principal and premium, but excluding accrued interest) of no more than $6.0 billion. In conjunction with the offers, Time Warner solicited consents from the holders of certain Series of Debentures to amend certain provisions of the indentures governing such Series of Debentures. As of December 22, 2017, the requisite consents to effect the proposed amendments with respect to certain series of debentures. Accordingly, on December 22, 2017, Time Warner, HTW (including in its capacity as successor by merger to TWCI), Historic AOL LLC, (“AOL”), Turner Broadcasting System Inc., (“TBS”), and Home Box Office Inc., (“HBO”), and The Bank of New York Mellon, as trustee, executed and delivered the Twelfth Supplemental Indenture (the “Twelfth Supplemental Indenture”) to the Indenture, dated as of January 15, 1993, among HTW (in its capacity as successor to TWCI), as issuer, Time Warner, AOL, TBS, HBO and The Bank of New York Mellon, as trustee (as amended or supplemented prior to the Twelfth Supplemental Indenture, the “1993 Indenture”). Twelfth Supplemental Indenture became effective on December 22, 2017.

Time Warner Inc. and Historic TW Inc. Announce Cash Tender Offers for Debt Securities

Time Warner Inc. announced it has commenced cash tender offers to purchase 7.700% Debentures due 2032, 7.625% Debentures due 2031, 6.500% Debentures due 2036, 6.500% Debentures due 2036, 6.625% Debentures due 2029, 9.150% Debentures due 2023, 6.950% Debentures due 2028 and 7.570% Debentures due 2024 of Time Warner and Historic TW Inc. Debentures that are validly tendered and not validly withdrawn is limited to as many Debentures as Time Warner can purchase up to $2,700,000,000 aggregate principal amount of the Debentures subject to the Offers (as such amount may be increased or decreased pursuant to the terms of the Offer to Purchase, the Maximum Principal Amount) and an aggregate purchase price for the Debentures subject to the Offers (including principal and premium, but excluding Accrued Interest) of no more than $3,500,000,000 (as such amount may be increased or decreased pursuant to the terms of the Offer to Purchase, the Maximum Purchase Price). No Offer is conditioned on any minimum amount of Debentures being tendered or the consummation of any other Offer in respect of any other Series. Each Offer will expire at 11:59 p.m., New York City time, on December 27, 2016, unless extended or unless such Offer is earlier terminated (such time and date, as the same may be extended with respect to one or more Series of Debentures, the Expiration Date). Holders or beneficial owners of Debentures of Debentures must validly tender and not validly withdraw their Debentures at or prior to 5:00 p.m., New York City time, on December 12, 2016, unless extended or unless such Offer is earlier terminated (such time and date, as the same may be extended with respect to one or more Series of Debentures, the Early Tender Deadline) to be eligible to receive the Total Consideration. Holders who validly tender their Debentures after the Early Tender Deadline and at or prior to the Expiration Date will be eligible to receive only the Purchase Price. Tendered Debentures may be withdrawn at or prior to 5:00 p.m., New York City time, on December 12, 2016 (such time and date, as the same may be extended with respect to one or more Series of Debentures, the Withdrawal Deadline), by following the procedures described in the Offer to Purchase, but, except as provided therein or required by law, may not thereafter be validly withdrawn.

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