STAMFORD, Conn., March 30, 2017 /PRNewswire/ -- 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
"CCOH Issuers") and Charter Communications Operating, LLC and
Charter Communications Operating Capital Corp. (collectively, the
"CCO Issuers") intend to offer the following securities:
- The CCOH Issuers: senior unsecured notes due 2027 (the "CCOH
Notes"). These notes will form a part of the same series as the
5.125% Senior Unsecured Notes issued on February 6, 2017 and increased on March 29, 2017 to the aggregate principal amount
of $2.0 billion, and,
- The CCO Issuers: senior secured notes due 2047 (together with
the CCOH Notes, the "Notes").
Through the concurrent offerings, Charter intends to offer
$1.5 billion in aggregate principal
amount of Notes.
Charter intends to use the net proceeds from the concurrent
offerings to pay related fees and expenses and for general
corporate purposes, including potential buybacks of the Class A
common stock of Charter or common units of Charter Communications
Holdings, LLC.
The Notes will be 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. The concurrent offerings are subject to,
among other things, market conditions.
This news release is neither an offer to sell nor a solicitation
of an offer to buy the Notes and shall not constitute an offer,
solicitation or sale, nor is it an offer to purchase, or the
solicitation of an offer to sell the Notes in any jurisdiction in
which such offer, solicitation, or sale is unlawful.
About Charter
Charter (NASDAQ: CHTR) is a leading broadband communications
company and the second largest cable operator in the United States. Charter provides a full
range of advanced broadband services, including Spectrum TV™ video
entertainment programming, Spectrum Internet™ access, and Spectrum
Voice™. Spectrum Business™ similarly provides scalable, tailored,
and cost-effective broadband communications solutions to business
organizations, such as business-to-business Internet access, data
networking, business telephone, video and music entertainment
services, and wireless backhaul. Charter's advertising sales and
production services are sold under the Spectrum Reach™ brand. More
information about Charter can be found at www.spectrum.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
This communication includes forward-looking
statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, regarding, among other things,
the potential offering. Although we believe that our plans,
intentions and expectations as reflected in or suggested by these
forward-looking statements are reasonable, we cannot assure you
that we will achieve or realize these plans, intentions or
expectations. Forward-looking statements are inherently
subject to risks, uncertainties and assumptions including, without
limitation, the factors described under "Risk Factors" from time to
time in our filings with the SEC. Many of the forward-looking
statements contained in this communication may be identified by the
use of forward-looking words such as "believe," "expect,"
"anticipate," "should," "planned," "will," "may," "intend," and
"potential," among others.
All forward-looking statements attributable to us or any person
acting on our behalf are expressly qualified in their entirety by
this cautionary statement. We are under no duty or obligation
to update any of the forward-looking statements after the date of
this communication.
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SOURCE Charter Communications, Inc.