Time Warner Telecom to call some 10 1/8% notes

By Jennifer Chiou

New York, March 17 - Time Warner Telecom Inc. said it will use some proceeds from a convertibles offering to redeem a portion of its 10 1/8% senior notes due 2011.

The company said it plans to sell $200 million of convertible senior debentures due 2026 in an offering registered with the Securities and Exchange Commission. The offering is expected to have a $30 million greenshoe.

Based in Littleton, Colo., the company is a provider of managed voice and data networking services.

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