STAMFORD, Conn., June 25, 2019 /PRNewswire/ -- Charter
Communications, Inc. (NASDAQ: CHTR) (along with its
subsidiaries, "Charter") today announced that its subsidiaries,
Charter Communications Operating, LLC and Charter
Communications Operating Capital Corp., intend to offer senior
secured fixed rate notes due 2049 (the "Notes").
Charter intends to use the net proceeds from the sale of the
Notes to repay certain indebtedness, which may include the 5.000%
Senior Notes due 2020 issued by Time Warner Cable, LLC, with any
remaining proceeds used for general corporate purposes, including
to fund potential buybacks of Class A common stock of Charter or
common units of Charter Communications Holdings, LLC.
The offering and sale of the Notes will be made pursuant to an
effective automatic shelf registration statement on Form S-3 filed
with the Securities and Exchange Commission (the "SEC").
The offering is subject to, among other things, market
conditions.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC and
Morgan Stanley & Co. LLC will act as Joint Book-Running
Managers for the offering. The offering will be made only by means
of a prospectus supplement dated June 25,
2019 and the accompanying base prospectus, copies of which,
when available, may be obtained on the SEC's website at www.sec.gov
or by contacting Citigroup Global Markets Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717; Telephone: (800) 831-9146;
E-mail: prospectus@citi.com, or by contacting J.P. Morgan
Securities LLC, Attention: Investment Grade Syndicate Desk, 383
Madison Avenue, New York, New
York, 10179; Telephone: (212) 834-4533, or by contacting
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, 2nd Floor, New York,
NY 10014; E-mail: prospectus@morganstanley.com.
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 Communications, Inc. (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 residential broadband
services, including Spectrum TV® programming, Spectrum Internet®,
Spectrum Voice®, and Spectrum Mobile™. Under the Spectrum Business®
brand, Charter provides scalable, and cost-effective broadband
communications solutions to small and medium-sized business
organizations, including Internet access, business telephone, and
TV services. Through the Spectrum Enterprise brand, Charter is a
national provider of scalable, fiber-based technology solutions
serving many of America's largest businesses and communications
service providers. Charter's advertising sales and production
services are sold under the Spectrum Reach® brand. Charter's news
and sports networks are operated under the Spectrum Networks brand.
More information about Charter can be found at
newsroom.charter.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, our plans,
strategies and prospects, both business and financial.
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," "estimated," "aim," "on track," "target,"
"opportunity," "tentative," "positioning," "designed," "create,"
"predict," "project," "initiatives," "seek," "would," "could,"
"continue," "ongoing," "upside," "increases" 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.