Issuer:
|
Time Warner Cable Inc. (the Issuer) | |||
Guarantors:
|
Time Warner Entertainment Company, L.P. and TW NY Cable Holding Inc. | |||
Security:
|
6.750% Debentures Due 2039 | |||
Size:
|
$1,500,000,000 | |||
Maturity:
|
June 15, 2039 | |||
Coupon (Interest Rate):
|
6.750% | |||
Yield to Maturity:
|
6.980% | |||
Spread to Benchmark Treasury:
|
T + 260 basis points | |||
Benchmark Treasury:
|
3.500% due February 15, 2039 | |||
Benchmark Treasury Price and Yield:
|
Price: 85-15 | |||
Yield: 4.380% | ||||
Interest Payment Dates:
|
June 15th and December 15th of each year, beginning on December 15th, 2009 | |||
Redemption Provisions:
|
Redeemable at any time and from time to time at the option of the Issuer, in whole or in part, at the greater of (i) 100% of the principal amount and (ii) the sum of the present values of the Remaining Scheduled Payments discounted to the redemption date, on a semi-annual basis, assuming a 360-day year consisting of twelve 30-day months, at the Treasury Rate plus 40 basis points. | |||
Price to Public:
|
97.131% | |||
Settlement Date:
|
June 29, 2009 | |||
CUSIP Number:
|
88732JAU2 |