NEW YORK--(BUSINESS WIRE)--Time Warner Inc. (NYSE:TWX) today announced that it has commenced an underwritten public offering of a benchmark size of Euro-denominated senior notes due 2023. The net proceeds from the issuance of the notes will be used for general corporate purposes. The notes will be issued by Time Warner and guaranteed by Historic TW Inc. In addition, Home Box Office, Inc. and Turner Broadcasting System, Inc. will guarantee the obligations of Historic TW Inc. under its guarantee.