TIME WARNER INC. (NASDAQ:TWX) Files An 8-K Entry into a Material Definitive Agreement

TIME WARNER INC. (NASDAQ:TWX) Files An 8-K Entry into a Material Definitive Agreement

Item1.01.Entry into a Material Definitive Agreement.

On December16, 2016, Time Warner Inc.(Time Warner)entered into
the Third Amendment, dated as of December16, 2016 (the Third
Amendment), to the Amended and Restated Credit Agreement, dated
as of January19, 2011, as amended and restated as of December18,
2013, as further amended by the First Amendment, dated as of
December18, 2014, and the Second Amendment, dated as of
December18, 2015 (as amended, the Amended and Restated Credit
Agreement), among Time Warner and Time Warner International
Finance Limited, as borrowers, the lenders from time to time
party thereto and Citibank, N.A., as administrative agent, to
amend its two $2.5 billion senior unsecured revolving credit
facilities.The Third Amendment extends the maturity dates of both
revolving credit facilities by one year to December18, 2021 and
eliminates the swingline loan sub-facility included in one of the
revolving credit facilities.All other material terms of the
Amended and Restated Credit Agreement will remain the same for
each credit facility, including the provision that provides for
up to two additional one-year extensions with lender consent.As
of December16, 2016, there were no borrowings outstanding under
the revolving credit facilities, and Time Warner had
approximately $1.2 billion in commercial paper outstanding. The
outstanding commercial paper is supported by the committed
capacity under the revolving credit facilities.

The foregoing description of the Third Amendment does not purport
to be complete and is qualified in its entirety by reference to
the Third Amendment, which is filed as Exhibit 10.1 to this
Current Report on Form 8-K.

Item2.03. Creation of a Direct Financial Obligation or an
Obligation Under an Off-Balance Sheet Arrangement of a
Registrant.

The information provided in Item1.01 of this Current Report on
Form 8-K is hereby incorporated into this Item2.03 by reference.

Item9.01Financial Statements and Exhibits.

Exhibit		Description
10.1		Third Amendment, dated as of December 16, 2016, to the Amended and Restated Credit Agreement, dated as of January 19, 2011, as amended and restated as of December 18, 2013, as further amended by the First Amendment, dated as of December 18, 2014, and the Second Amendment, dated as of December 18, 2015, among Time Warner Inc. and Time Warner International Finance Limited, as borrowers, the lenders from time to time party thereto and Citibank, N.A., as administrative agent.

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