Time Warner Cable prices $1.25B debt offering

Time Warner Cable prices $1.25 billion debt offering

Associated Press

NEW YORK (AP) -- Time Warner Cable Inc. said Tuesday that it has priced a public debt offering of $1.25 billion in 4.5 percent debentures due in 2042.

It plans to use the proceeds for general corporate purposes, including the repayment of debt.

The New York-based company, which owns Warner Bros., HBO, CNN, Time and People magazines and other media properties, said it plans to close the sale of the debentures on Aug. 10.

View Comments (0)