TWC ready to buy
Time Warner Cable could take on more debt if it came across an attractive enough merger or acquisition, Chief Financial Officer Artie Minson told a conference. The company’s current leverage ratio target is 3.25 times EBITDA.
“If the right opportunity came along and there was a very clear path of deleveraging over a quick period of time and the deal made sense from a return perspective, we would stretch for the right opportunity,” said Minson, who didn’t to say how much debt Time Warner Cable would consider adding.
Time Warner Cable currently has about $23.5 billion of net debt and a leverage ratio of about 3 times, Minson said last month.