Time Warner Cable (TWC) Commences Public Debt Offering

Time Warner Cable Inc. (NYSE: TWC) today announced that it has commenced an underwritten public offering of debt securities with maturities of 5 and 10 years. The net proceeds from the issuance of the debt securities are expected to be used to repay the borrowings outstanding under the Company's five-year term loan facility and a portion of the borrowings outstanding under the Company's commercial paper program and for general corporate purposes.

The debt securities will be issued by Time Warner Cable Inc. and guaranteed by its subsidiaries, TW NY Cable Holding Inc. and Time Warner Entertainment Company, L.P. Barclays Capital Inc., Deutsche Bank Securities Inc. and Goldman, Sachs & Co. are active joint book-running managers.