News America has raised $2.5 billion through a two-part sale of senior unsecured notes in the 144a private placement market. The first tranche of $1 billion notes, which carry a coupon rate of 4.5%, are due to mature on Feb. 15, 2021, while the second tranche of $1.5 billion notes will mature on Feb. 15, 2021.

The company intends to use the proceeds for general corporate purposes, including the refinancing of near term maturities. The marketing services company appointed JP Morgan as the sole bookrunning manager for the deal.

Click here for the release from Business Wire.