Tuesday, March 6, 2012

What syndicate of banks is funding this deal with a drop in S&P?

The split-off calls for Time Warner Cable paying a total dividend of $10.27 per share, or $10.9 billion to all shareholders, of which parent company Time Warner will receive $9.25 billion. Time Warner Cable will fund the dividend with its existing credit facility and a $9 billion, two-year bridge loan from a syndicate of banks, raising its total debt load to $24.2 billion



http://news.yahoo.com/s/ap/20080521/ap_o鈥?/a>What syndicate of banks is funding this deal with a drop in S%26amp;P?
wow

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