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: prospectus@citi.com 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
Fox Corporation produces and
distributes compelling news, sports and entertainment content
through its iconic domestic brands including: FOX News Media, FOX
Sports, FOX Entertainment, and FOX Television Stations. These
brands hold cultural significance with consumers and commercial
importance for distributors and advertisers. The breadth and depth
of our footprint allows us to deliver content that engages and
informs audiences, develop deeper consumer relationships and create
more compelling product offerings. FOX maintains an impressive
track record of news, sports, and entertainment industry success
that will shape our strategy to capitalize on current strengths and
invest in new initiatives.
Cautionary Note Regarding Forward Looking
Statements
This news release contains forward-looking
statements and information within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as "may,"
"will," "should," "likely," "anticipates," "expects," "intends,"
"plans," "projects," "believes," "estimates," "outlook" and similar
expressions are used to identify these forward-looking statements.
These statements are based on management's current expectations and
beliefs and are subject to uncertainty and changes in
circumstances. Actual results may vary materially from those
expressed or implied by the statements in this news release due to
changes in economic, business, competitive, technological,
strategic and/or regulatory factors and other factors affecting the
operation of the business of Fox Corporation, including the impact
of COVID-19. More detailed information about risk factors affecting
Fox Corporation is contained in the documents Fox Corporation has
filed with or furnished to the SEC, including its Annual Report on
Form 10-K for the fiscal year ended June 30,
2019 and subsequent Quarterly Reports on Form 10-Q.
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