Time Warner Cable Inc. Announces Consent Solicitation for Amendments to TWE Indenture.STAMFORD, Conn. -- Time Warner Cable This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Inc. announced that its subsidiary, Time Warner Entertainment Company, L.P. ("TWE TWE Test of Written English TWE ThinkWave Educator (teacher productivity application) TWE That Was Easy TWE tap water enema TWE Threat Warning Equipment TWE Transitional Work Experience TWE Triangle Wind Ensemble "), today commenced a consent solicitation to amend the indenture governing the following outstanding debt securities of TWE (the "Securities"): * $600,000,000 7.25% Senior Debentures due 2008 (CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. 88731EAK EAK Eating At Keyboard EAK Early Adopters Kit EAK East Africa Kenya EAK Extraterrestrial Alternative Knowledge (Sao Joao da Madeira, Portugal band) 6) * $250,000,000 10.15% Senior Notes due 2012 (CUSIP 88731EAC EAC an abbreviation used in studies of complement, in which E represents erythrocyte, A antibody, and C complement. 4) * $350,000,000 8.875% Senior Notes due 2012 (CUSIP 88731EAD EAD Ensino A Distancia (Brazil) EAD Encoded Archival Description (DTD for SGML) EAD Employment Authorization Document (US INS) EAD Exposure At Default 2) * $1,000,000,000 8.375% Senior Notes due 2023 (CUSIP 88731EAF7) * $1,000,000,000 8.375% Senior Notes due 2033 (CUSIP 88731EAJ9) TWE is soliciting consents from security holders of record as of October 18, 2006. The proposed amendments, if adopted, will amend the reporting obligations under the indenture and simplify the guarantee structure of the Securities. TWE is offering to pay to each holder who validly delivers its consent prior to the expiration of the solicitation and does not revoke such consent a payment of $2.50 for each $1,000 principal amount of Securities to which such consent relates. The solicitation will expire at 5:00 p.m., New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on November 2, 2006 unless extended. The detailed terms and conditions of the consent solicitation are set forth in a consent solicitation statement and related letter of consent dated October 19, 2006. Lehman Brothers and Merrill Lynch & Co. will act as Solicitation Agents for the consent solicitation. D.F. King & Co., Inc. will act as the Tabulation/Information Agent. Requests for documents may be directed to D.F. King & Co., Inc. by telephone at (800) 848-3416 (toll free) or (212) 269-5550 (banks and brokers). Questions regarding the consent solicitation may be directed to Lehman Brothers at (800) 438-3242 (toll free) or (212) 528-7581 (collect) or to Merrill Lynch & Co. at (888) 654-8637 (toll free) or (212) 449-4914 (collect). This announcement is for informational purposes only and is not an offer to purchase or sell, a solicitation of an offer to purchase or sell, or a solicitation of consents with respect to any securities. The solicitation is being made solely pursuant to the above-described consent solicitation statement dated October 19, 2006 and the related letter of consent. About Time Warner Cable Time Warner Cable owns and manages cable systems serving 13.5 million subscribers in 33 states. Passing approximately 26 million homes, Time Warner Cable includes some of the most technologically advanced and best-clustered cable systems in the country, with nearly 85 percent of the Company's customers located in five geographic regions: New York, Texas New York is a hamlet in Henderson County, Texas, USA, about 11 miles east of Athens. Geography New York lies at the intersection of FM 804 and FM 607 in a stereotypically flat portion of East Texas, surrounded mostly by farm land. , Ohio, the Carolinas and southern California. Leveraging its leadership in innovation and quality customer care, Time Warner Cable delivers advanced products and services such as video on demand, high definition television, digital video recorders, high-speed data and Digital Phone. Time Warner Cable is a subsidiary of Time Warner Inc. (NYSE NYSE See: New York Stock Exchange : TWX). |
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