Time Warner Cable priced a $1.9 billion underwritten public offering of debt securities, including $700 million aggregate principal amount of 4 1/8% notes due 2021 and $1.2 billion aggregate principal amount of 5 7/8% debentures due 2040. The company said net proceeds would be used for general corporate purposes, which may include the repayment of debt and the repurchase of the company’s common stock. The sale of the debt securities is expected to close on November 15, 2010.
http://www.timewarnercable.com/
Time Warner Cable Prices a $1.9 Billion Debt Offering
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From the Technology Graveyard
You just read about Cable. Here is what it replaced:
Open-wire lines served 1880–1980. What ultimately replaced it?
Open-wire lines bare copper conductors bolted to glass insulators on wooden crossarms; wires were periodically transposed (crossed over) to cancel crosstalk and interference. Weather-exposed and very low capacity. Its job passed to Cable — but the problem it solved, and the ideas it proved, live on in what replaced it. The standard rests here in the archive. One of 198 technologies here that opened a door and then held it for the next.
On this day
November 8From 25 years of the Converge Digest archive.