Scripps Networks prices $1.5B in debt for TVN investment

• Scripps Networks Interactive (NYSE:SNI) has priced its $1.5B debt offering, in three different tranches.
• A $600M tranche of debt due in 2020 was priced at 2.8%; $400M in debt due 2022 priced at 3.5% and $500M in debt due 2025 priced at 3.95%.
• The company expects the sale to close on June 2.
• The debt's being offered to fund its acquisition of a stake in Poland's TVN.
• Previously: Moody's sets Scripps Networks for review on $1.5B bond offering (May. 18 2015)