Issuer: | Time Warner Cable Inc. (the Issuer) |
Guarantors: | Time Warner Entertainment Company, L.P. and TW NY Cable Holding Inc. |
Security: | 5.875% Debentures Due 2040 |
Size: | $1,200,000,000 |
Maturity: | November 15, 2040 |
Coupon (Interest Rate): | 5.875% |
Yield to Maturity: | 6.020% |
Spread to Benchmark Treasury: | T + 180 basis points |
Benchmark Treasury: | 4.375% due May 15, 2040 |
Benchmark Treasury Price and Yield: | Price: 102-19 Yield: 4.220% |
Interest Payment Dates: | May 15 and November 15 of each year, beginning on May 15, 2011 |
Redemption Provisions: |
Make-Whole Call: | Greater of 100% or T + 30 basis points (at any time prior to May 15, 2040). |
Par Call: | At any time on or after May 15, 2040. |
Price to Public: | 97.998% |
Settlement Date: | November 15, 2010 |
Ratings: | Baa2 by Moodys Investors Service, Inc. BBB by Standard & Poors Rating Services BBB by Fitch, Inc. |
Joint Book-Running Managers: | BNP Paribas Securities Corp. Citigroup Global Markets Inc. Morgan Stanley & Co. Incorporated RBS Securities Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated Mizuho Securities USA Inc. |
Senior Co-Managers: | Barclays Capital Inc. Credit Agricole Securities (USA) Inc. Credit Suisse Securities (USA) LLC Deutsche Bank Securities Inc. Goldman, Sachs & Co. J.P. Morgan Securities LLC Mitsubishi UFJ Securities (USA), Inc. RBC Capital Markets, LLC SMBC Nikko Capital Markets Limited UBS Securities LLC U.S. Bancorp Investments, Inc. Wells Fargo Securities, LLC |
Co-Managers: | BBVA Securities Inc. BNY Mellon Capital Markets, LLC Lloyds TSB Bank plc |
Junior Co-Managers: | Blaylock Robert Van, LLC Cabrera Capital Markets, LLC Loop Capital Markets LLC Samuel A. Ramirez & Company, Inc. The Williams Capital Group, L.P. |
CUSIP / ISIN Number: | 88732J AY4/ US88732JAY47 |