Time Warner Cable Is Willing to Take on More Debt for Right Deal

Time Warner Cable Inc., the second-largest U.S. cable operator, would consider taking on more debt if it came across an attractive enough merger or acquisition, Chief Financial Officer Artie Minson said at a conference today.

While the New York-based cable provider doesn’t feel the need to get bigger, the company would add more debt to its balance sheet under the right circumstances, Minson said at Goldman Sachs Group Inc.’s Communacopia Conference in New York. The company’s current leverage ratio target is 3.25 times earnings before interest, depreciation, taxes and amortization.