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Broadband Briefs for 12/08/09

Tue, 12/08/2009 - 7:00am

• Time Warner Cable announces debt offering
By Mike Robuck

Time Warner Cable today announced that it has started an underwritten public offering of debt securities with maturities of five and 10 years.

Time Warner Cable, the nation’s second-largest MSO, said the net proceeds from the issuance of the debt securities were slated to be used to repay the borrowings outstanding under the company’s five-year term loan facility, and a portion of the borrowings outstanding under the company’s commercial paper program and for general corporate purposes.

The debt securities will be issued by Time Warner Cable Inc. and guaranteed by its subsidiaries, TW NY Cable Holding Inc. and Time Warner Entertainment Company. Barclays Capital, Deutsche Bank Securities and Goldman, Sachs & Co. are active joint book-running managers.

Time Warner Cable spun off from Time Warner earlier this year.

More Broadband Direct 12/08/09:
•  Home networking to get easier. And harder.
•  Cox bows wireless data, phone services in 3 markets
•  Knology adopts interactive ad technology
•  SeaChange, CMC, Sunflower kick tires on VOD ad insertion trial
•  Report: Global telecom would prosper with set-top standard
•  Zucker: NBCU investing more in broadcast programming
•  Google search results to include 'real-time' data
•  Survey: Few CEOs plan to hire in next 6 mos.
•  Broadband Briefs for 12/08/09

 

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