Charter Prices $3B Senior Secured Notes, $1.5B Due 2029, $1.5B Due 2034

Author: Benzinga Newsdesk | May 09, 2024 06:34pm

Charter Communications, Inc. (NASDAQ:CHTR) (along with its subsidiaries, "Charter") today announced that its subsidiaries, Charter Communications Operating, LLC ("CCO") and Charter Communications Operating Capital Corp. ("CCO Capital," and together with CCO, the "Issuers"), have priced $3.0 billion in aggregate principal amount of notes consisting of the following securities:

• $1.5 billion in aggregate principal amount of Senior Secured Notes due 2029 (the "2029 Notes"). The 2029 Notes will bear interest at a rate of 6.100% per annum and will be issued at a price of 99.944% of the aggregate principal amount.
• $1.5 billion in aggregate principal amount of Senior Secured Notes due 2034 (the "2034 Notes" and, together with the 2029 Notes, the "Notes"). The 2034 Notes will bear interest at a rate of 6.550% per annum and will be issued at a price of 99.755% of the aggregate principal amount.

Posted In: CHTR