Time Warner Cable begins debt offering

17 Jun 2008

CATV provider Time Warner Cable said yesterday it has launched an underwritten public offering of debt securities with maturities ranging from five to 30 years. Associated Press reports suggest the cableco, owned by Time Warner Inc, plans to use the proceeds in part to pay a one-time dividend to shareholders just before the separation of Time Warner Cable from Time Warner Inc. The cable TV operator did not divulge what it is hoping to raise from the offer.

United States, Time Warner Cable (Spectrum)