Advanced Television

TWC ready to buy

September 25, 2013

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.

Categories: Articles, Business, Cable, M&A, People