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Legal News

Cahill Represents Initial Purchasers in $6.8 Billion Senior Notes Offering for Fox Corporation

Date: 01/25/19

Cahill represented the initial purchasers in connection with a Rule 144A offering of (i) $750,000,000 aggregate principal amount of 3.666% Senior Notes due 2022, (ii) $1,250,000,000 aggregate principal amount of 4.030% Senior Notes due 2024, (iii) $2,000,000,000 aggregate principal amount of 4.709% Senior Notes due 2029, (iv) $1,250,000,000 aggregate principal amount of 5.476% Senior Notes due 2039 and (v) $1,550,000,000 aggregate principal amount of 5.576% Senior Notes due 2049 for Fox Corporation, a wholly-owned subsidiary of Twenty-First Century Fox, Inc. Proceeds from the offering, together with cash on its balance sheet and borrowings under its Revolving Credit Facility, if needed, will be used to principally fund the dividend to Twenty-First Century Fox, Inc. related to the distribution and to pay fees and expenses incurred in connection therewith.