Time Warner Cable Inc. (NYSE:TWC) today announced that it has commenced
an underwritten public offering of one series of debt securities with a
30-year maturity. The net proceeds from the issuance of the debt
securities are expected to be used for general corporate purposes, which
may include the repayment of debt.
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, L.P. BNP Paribas Securities Corp., Citigroup
Global Markets Inc. and Morgan Stanley & Co. LLC are the joint
book-running managers.
Time Warner Cable Inc. has filed a registration statement on Form S-3
(including a prospectus) with the Securities and Exchange Commission
(“SEC”) for this offering. Interested parties should read the prospectus
in that registration statement, the preliminary prospectus supplement
for this offering and the other documents that Time Warner Cable Inc.
has filed with the SEC that are incorporated by reference into the
preliminary prospectus supplement for more complete information about
Time Warner Cable Inc. and this offering. These documents are available
at no charge by visiting EDGAR on the SEC web site at www.sec.gov.
Alternatively, copies of the prospectus and preliminary prospectus
supplement relating to the offering will be made available by any
underwriter or dealer participating in the offering to interested
parties who make a request by contacting BNP Paribas Securities Corp.,
787 Seventh Avenue, New York, NY 10019, (800) 854-5674; Citigroup Global
Markets Inc., Attention: Prospectus Department, Brooklyn Army Terminal,
140 58th Street, 8th Floor, Brooklyn, NY 11220,
(877) 858-5407 and Morgan Stanley & Co. LLC, Attention: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, New York
10014, (866) 718-1649.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
debt securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
Caution Concerning Forward-Looking Statements
This document includes certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on management’s current expectations and beliefs,
and are subject to uncertainty and changes in circumstances. Actual
results may vary materially from those expressed or implied by the
statements herein due to changes in economic, business, competitive,
technological, strategic and/or regulatory factors and other factors
affecting the operations of Time Warner Cable Inc. More detailed
information about these factors may be found in filings by Time Warner
Cable Inc. with the SEC, including its most recent Annual Report on Form
10-K and Quarterly Reports on Form 10-Q. Time Warner Cable Inc. is under
no obligation to, and expressly disclaims any such obligation to, update
or alter its forward-looking statements, whether as a result of new
information, future events, or otherwise.
