Fox Corp. sells $7.45B in senior notes

Fox Corporation announced the pricing of a large $7.45 billion debt offering, comprising seven series of senior notes due between 2029 and 2066, to underwriters led by Morgan Stanley, Citi, and others. This massive issuance provides the media company with substantial liquidity to meet future obligations, including any proposed acquisition of EchoStar, and comes as the firm seeks to stabilize its financial rating ahead of a potential $20 billion takeover.