Time Warner Cable Prices Debt Offering

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Time Warner Cable priced the debt offering it announced Wednesday.

The MSO said the offering consists of $1.5 billion principal amount of 5.40% notes due 2012, $2 billion principal amount of 5.85% notes due 2017 and $1.5 billion principal amount of 6.55% debentures due 2037.

The securities will be guaranteed by its TW NY Cable Holding and Time Warner Entertainment subsidiaries.

Time Warner Cable officially became a public company Feb. 13, and its stock began trading on the New York Stock Exchange March 1.

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