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TIME WARNER CABLE INC.
$1,500,000,000
5.000% Notes Due 2020
FINAL TERM SHEET
Dated: December 8, 2009
     
Issuer:
  Time Warner Cable Inc. (the “Issuer”)
 
    
Guarantors:
  Time Warner Entertainment Company, L.P. and TW NY Cable Holding Inc.
 
    
Ratings:
  Baa2 (Stable) by Moody’s Investor Service, Inc.;
 
  BBB (Stable) by Standard & Poor’s Financial
 
  Services LLC;
 
  BBB (Stable) by Fitch, Inc.
 
    
Security:
  5.000% Notes Due 2020 
 
    
Size:
  $1,500,000,000 
 
    
Maturity:
  February 1, 2020 
 
    
Coupon (Interest Rate):
  5.000% 
 
    
Yield to Maturity:
  5.266% 
 
    
Spread to Benchmark Treasury:
  T + 188 basis points
 
    
Benchmark Treasury:
  3.375% due November 2019 
 
    
Benchmark Treasury Price and Yield:
  Price: 99-29 
 
  Yield: 3.386% 
 
    
Interest Payment Dates:
  February 1st and August 1st of each year, beginning on August 1, 2010 
 
    
Make Whole:
  T + 30 bps
 
    
Redemption Provisions:
  Redeemable at any time and from time to time at the option of the Issuer, in whole or in part, at the greater of (i) 100% of the principal amount and (ii) the sum of the present values of the Remaining Scheduled Payments discounted to the redemption date, on a semi-annual basis, assuming a 360-day year consisting of twelve 30-day months, at the Treasury Rate plus 30 basis points.
 
    
Use of Proceeds:
  To repay the remaining amounts outstanding under the Term Loan Facility and a portion of the borrowings outstanding under the commercial paper

 

     
 
  program. Any remaining proceeds will be used for general corporate purposes.
 
    
Bookrunners:
  Barclays Capital Inc.
 
  Deutsche Bank Securities Inc.
 
  Goldman, Sachs & Co.
 
  Morgan Stanley & Co. Incorporated
 
  RBS Securities Inc.
 
  Wells Fargo Securities, LLC
 
    
Senior Co-Managers:
  Banc of America Securities LLC
 
  BNP Paribas Securities Corp.
 
  Calyon Securities (USA) Inc.
 
  Citigroup Global Markets Inc.
 
  Daiwa Securities America Inc.
 
  HSBC Securities (USA) Inc.
 
  J.P. Morgan Securities Inc.
 
  Lloyds TSB Bank plc
 
  Mitsubishi UFJ Securities (USA), Inc.
 
  Mizuho Securities USA Inc.
 
  Scotia Capital (USA) Inc.
 
  UBS Securities LLC
 
    
Co-Managers:
  Cabrera Capital Markets, LLC
 
  The Williams Capital Group, L.P.
 
    
Price to Public:
  97.920% 
 
    
Settlement Date:
  December 11, 2009 
 
    
CUSIP / ISIN Number:
  88732JAW8 / US88732JAW80
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free Barclays Capital Inc. at 1-888-603-5847, Deutsche Bank Securities Inc. at 1-800-503-4611 or Goldman, Sachs & Co. at 1-866-471-2526.