News Corp Seeks To Raise $750M Via Private Debt

April 7, 2021 9:39 AM | 1 min read | Make a Comment

News Corp NWS NWSA is offering $750 million Senior Notes due 2029 in a private secondary offering.
It intends to use the proceeds for general corporate purposes, including acquisitions and working capital.
News Corp had recently acquired Investor’s Business Daily from O’Neil Capital Management for $275 million.
It held cash and cash equivalents of $1.6 billion as of December 31, 2020.
NWSA stock has gained 198% in the last year.
Price action: NWSA shares are trading higher by 0.64% at $26.73 on the last check Wednesday.