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Filed Pursuant to Rule 433 |
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Registration No. 333-151671 |
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Final Term Sheet |
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March 23, 2009 |
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to Preliminary Prospectus Supplement |
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dated March 23, 2009 |
TIME WARNER CABLE INC.
FINAL TERM SHEET
Dated: March 23, 2009
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| Issuer:
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Time Warner Cable Inc. (the “Issuer”) |
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| Guarantors:
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Time Warner Entertainment Company, L.P. and TW NY Cable Holding Inc. |
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| Security:
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7.500% Notes Due 2014 |
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| Size:
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$1,000,000,000 |
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| Maturity:
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April 1, 2014 |
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| Coupon (Interest Rate):
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7.500% |
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| Yield to Maturity:
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7.613% |
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| Spread to Benchmark Treasury:
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T + 595 basis points |
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| Benchmark Treasury:
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1.875% due February 28, 2014 |
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| Benchmark Treasury Price and Yield:
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Price: 101-00 |
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Yield: 1.663% |
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| Interest Payment Dates:
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April 1 and October 1 of each year,
beginning on October 1, 2009 |
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| Redemption Provisions:
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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 50 basis points. |
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| Price to Public:
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99.534% |
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| Settlement Date:
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March 26, 2009 |
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| CUSIP Number:
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88732J AR9 |
The issuer has filed a registration statement (including a prospectus) with the SEC for the
offering to which this communication relates. Before you invest, you should read the prospectus in
that registration statement and other documents the issuer has filed with the SEC for more complete
information about the issuer and this offering. You may get these documents for free by visiting
EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer
participating in the offering will arrange to send you the prospectus if you request it by calling
toll-free Banc of America Securities LLC at 1-800-294-1322, Citigroup Global Markets Inc. at
1-877-858-5407, Deutsche Bank Securities Inc. at 1-800-503-4611, UBS Securities LLC at
1-877-827-6444 ext 561-3884 or Wachovia Capital Markets, LLC at 1-800-326-5897.