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  "documentTitle": "Time Warner Inc. (TWX)",
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  "notes": "Part of a larger financial strategy document regarding AOL's debt capacity.",
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      "text": "The following factors were considered in assessing the optimal capital structure for AOL:",
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      "text": "advertising segment) should still completely repay its proposed $4.8 billion of debt in three years given the substantial free cash flow that is expected to be generated by the business.",
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      "text": "If AOL were at risk of being a non-investment grade credit, TWX could consider several alternative paths to enhance the credit at AOL including; (1) structured financing including securitization of certain receivables or (2) the sale of the Access business.",
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      "text": "CHAPTER 3: FINANCIAL STRATEGY AND DEBT CAPACITY",
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