Time Warner Cable (TWC) has priced a public offering of US$1.25bn of 4.5% debentures due 2042.
The US cableco said net proceeds will be used for general corporate purposes, which may include the repayment of debt. The offering is expected to close…
Time Warner Cable (TWC) has priced a public offering of US$1.25bn of 4.5% debentures due 2042.
The US cableco said net proceeds will be used for general corporate purposes, which may include the repayment of debt. The offering is expected to close on 10 August 2012.
BNP Paribas, Citigroup and Morgan Stanley have been appointed as joint bookrunning managers.
The debentures will be issued by TWC and guaranteed by its subsidiaries TW NY Cable Holding and Time Warner Entertainment Company.
In late June, TWC had already issued £650m (US$1.02bn) in 30-year notes to potentially repay its debt load.
