This content is from: Innovation

Time Warner Cable Raises $2.25B

Time Warner Cable has raised $2.25 billion through a two-part sale of senior notes.

Time Warner Cable has raised $2.25 billion through a two-part sale of senior notes, The Wall Street Journal reports. The company will utilize the proceeds for general corporate purposes, which could include the repayment of outstanding debt securities.

The first tranche of $1 billion notes, which carry a coupon rate of 4 percent, will mature in 10 years, while the second tranche of $1.25 billion notes, carrying a coupon rate of 5.50 percent, will mature in 30 years. Bank of America Merrill Lynch, Goldman Sachs and JP Morgan Chase & Co. were the active bookrunners.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from MENAFN.com.

Related Content