US cable operator Time Warner Cable is refinancing its revolving credit facility. The new revolver will be US$3.5bn and will mature in 2017.
A company spokesman said that Time Warner is in the midst of the commitment process.
“Our liquidity remains…
US cable operator Time Warner Cable is refinancing its revolving credit facility. The new revolver will be US$3.5bn and will mature in 2017.
A company spokesman said that Time Warner is in the midst of the commitment process.
“Our liquidity remains strong and our philosophy of being an active participant in the capital markets is unchanged,” the spokesman said.
IFR reported that Citigroup is leading the deal. The new revolver will reportedly replace an existing US$400m three-year revolver that Time Warner entered into in November 2010.
