NY Daily Record Since 1908
NEW YORK CITY — Time Warner Cable Inc., the country’s second biggest cable TV provider, said Tuesday that it is offering new 10-year and 30-year bonds.
The company did not say how much money it plans to raise from the sale, but said it may use the proceeds for repaying older debt or buying back stock.
It announced last week that it would use cash to repurchase $4 billion of its own shares, a step that has helped push its stock price up about 4 percent.
The stock rose 30 cents to $31.82 in morning trading Tuesday.
