Our Finance Group helps clients navigate the business and legal complexities of novel and multidimensional debt financing transactions. We fully understand the challenges faced by borrowers, investors and lenders throughout a company’s lifecycle, from evolving techniques in acquisition finance to the tensions inherent in distressed situations. We are the firm of choice for the most innovative and complex financing matters, including bespoke structured financings and whole-business securitizations of novel assets and restructurings of multibillion-dollar companies.
Time Warner Cable Inc. Closes $4 Billion Three-Year Revolving Credit Facility
On November 3, our client Time Warner Cable Inc. closed a $4 billion three-year revolving credit facility with a group of lenders and Bank of America, N.A., as agent, which replaced its existing revolving credit facility. Time Warner Cable's obligations under the revolving credit facility are guaranteed by its subsidiaries, Time Warner Entertainment Company, L.P. and Time Warner New York Cable Holding Inc. Borrowings under the revolving credit facility may be used for general corporate purposes, and unused credit is available to support borrowings under the company's $4 billion unsecured commercial paper program.
The Paul, Weiss team advising Time Warner Cable included corporate partner Tom de la Bastide and counsel Stephen Koo; and employee benefits partner Rob Fleder.