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Time Warner LLC Announces Intent to Delist 1.95% Notes due 2023 from the NYSE

Investors /

Time Warner LLC (“Time Warner”) today announced that it has notified the New York Stock Exchange (“NYSE”) of its intention to delist voluntarily its 1.95% Notes due 2023 (the “Notes”) from the NYSE, as well as to deregister the Notes from registration with the Securities and Exchange Commission (“SEC”) following the consummation of Time Warner Inc.’s merger with AT&T Inc. (“AT&T”).  The Notes are guaranteed directly or indirectly by Time Warner’s subsidiaries Historic TW Inc., Home Box Office, Inc. and Turner Broadcasting System, Inc.  The guarantees of the Notes will also be withdrawn from registration with the SEC concurrent with the deregistration of the Notes.  These actions do not affect the terms of the Notes and the guarantees.

As previously announced, on October 22, 2016, Time Warner Inc. and AT&T entered into an Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which AT&T acquired Time Warner Inc. on June 14, 2018 in a stock-and-cash transaction.  Time Warner has decided to delist the Notes in connection with the transactions contemplated by the Merger Agreement.

About Time Warner LLC

Time Warner LLC, a global leader in media and entertainment with businesses in television networks and film and TV entertainment, uses its industry-leading operating scale and brands to create, package and deliver high-quality content worldwide on a multi-platform basis.