STAMFORD, Conn., March 18, 2020 /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
"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.
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 in any jurisdiction in which such offer,
solicitation, or sale is unlawful.
About Charter
Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband
connectivity company and cable operator serving more than 29
million customers in 41 states through its Spectrum brand. Over an
advanced communications network, the company offers a full range of
state-of-the-art residential and business services including
Spectrum Internet, TV, Mobile and Voice.
For small and medium-sized companies, Spectrum Business delivers
the same suite of broadband products and services coupled with
special features and applications to enhance productivity, while
for larger businesses and government entities, Spectrum Enterprise
provides highly customized, fiber-based solutions. Spectrum Reach
delivers tailored advertising and production for the modern media
landscape. The company also distributes award-winning news
coverage, sports and high-quality original programming to its
customers through Spectrum Networks and Spectrum Originals. More
information about Charter can be found at
corporate.charter.com.
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SOURCE Charter Communications, Inc.