Time Warner, the owner of the HBO and CNN network is now subject to a take over from AT&T.
The financials of Time Warner are interesting.
http://ir.timewarner.com/phoenix.zhtml?c=70972&p=irol-debt
It’s debt position is interesting:-
Coupon Maturity Face Amount $m
7.25% 10/15/17 $500
9.15% 2/1/23 $602
7.57% 2/1/24 $450
6.85% 1/15/26 $28
6.95% 1/15/28 $500
8.30% 1/15/36 $200
6.88% 6/15/18 $600
6.63% 5/15/29 $1000
2.10% 6/1/19 $650
4.88% 3/15/20 $1400
4.70% 1/15/21 $1000
4.75% 3/29/21 $1000
4.00% 1/15/22 $500
3.40% 6/15/22 $500
1.95% 9/15/23 $700
4.05% 12/15/23 $500
3.55% 6/1/24 $750
3.60% 7/15/25 $1500
3.88% 1/15/26 $600
2.95% 7/15/26 $800
7.63% 4/15/31 $2000
7.70% 5/1/32 $2000
6.50% 11/15/36 $1000
6.20% 3/15/40 $600
6.10% 7/15/40 $1000
6.25% 3/29/41 $1000
5.38% 10/15/41 $500
4.90% 6/15/42 $500
5.35% 12/15/43 $500
4.65% 6/1/44 $600
4.85% 7/15/45 $900
Total : $23,680m
AT&T Buys Time Warner, and will take on the $23.68 Billion of Time Warner debt.