20
Mar

Charter Closes $2.5 Billion Senior Unsecured Notes

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Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, “Charter”) today announced that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp. (collectively, the “Issuers”), have closed on $2.5 billion in aggregate principal amount of notes consisting of the following securities:

  • $1.1 billion in aggregate principal amount of senior unsecured notes due 2030 (the “2030 Notes”). The 2030 Notes form a part of the same series as the Issuers’ senior unsecured notes due 2030 issued on February 18, 2020, which bear interest at a rate of 4.500% per annum. The 2030 Notes were issued at a price of 102.500% of the aggregate principal amount.
  • $1.4 billion in aggregate principal amount of senior unsecured notes due 2032 (the “2032 Notes,” and together with the 2030 Notes, the “Notes”). The 2032 Notes bear interest at a rate of 4.500% per annum and were issued at a price of 100.000% of the aggregate principal amount.

The Notes were sold to qualified institutional buyers in reliance on Rule 144A and outside the United States to non-U.S. persons in reliance on Regulation S. The Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

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