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.

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