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Charter Offers Senior Secured Notes

STAMFORD, Conn., Nov. 19, 2020 /PRNewswire/ — 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., intend to offer the following securities:

  • Senior secured notes due 2032 (the “2032 Notes”),
  • Senior secured notes due 2051 (the “2051 Notes”). The 2051 Notes will form a part of the same series of 3.700% Senior Secured Notes issued on April 17, 2020 in the aggregate principal amount of $1.4 billion, and,
  • Senior secured notes due 2061 (The “2061 Notes,” and together with the 2032 Notes and 2051 Notes, the “Notes”).

Charter intends to use the net proceeds from the sale of the Notes for general corporate purposes, including to fund potential buybacks of Class A common stock of Charter or common units of Charter Communications Holdings, LLC, to repay certain indebtedness and …

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