US cableco Time Warner Cable has announced a new debt offering involving notes with a 10-year maturity and debentures with a 40-year maturity, but key financial details are yet to be released.
According to an SEC filing by Time Warner Cable today, the…
US cableco Time Warner Cable has announced a new debt offering involving notes with a 10-year maturity and debentures with a 40-year maturity, but key financial details are yet to be released.
According to an SEC filing by Time Warner Cable today, the offering will involve notes maturing in 2021 and debentures maturing in 2041, but information on the total amount and pricing were left blank. Time Warner was not immediately available for comment.
The company said that the net proceeds of the offering would be used for general corporate purposes, which may include the repayment of debt.
The joint bookrunners were BoA Merrill Lynch, Goldman Sachs and JP Morgan.
This follows Time Warner Cable’s US$3bn acquisition of another US cableco, Insight Communications, in August.
