AOL Time Warner to Offer $3 Billion of Debt Securities.Business Editors NEW YORK--(BUSINESS WIRE)--April 10, 2001 AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Time Warner Inc. (NYSE NYSE See: New York Stock Exchange :AOL) today announced that it plans to offer an aggregate of $3 billion of debt securities with maturities of 5, 10 and 30 years. This global offering will be managed by Banc of America Securities, J.P. Morgan Chase and Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. . The Company said the proceeds from the offering will be used to pay down short-term bank debt and other general corporate purposes. About AOL Time Warner Inc. AOL Time Warner (NYSE:AOL) is the world's first Internet-powered media and communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. , whose industry-leading businesses include interactive services, cable systems, publishing, music, TV networks and filmed entertainment. |
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