STAMFORD, Conn., Jan. 30,
2023 /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 priced
$1.1 billion in aggregate principal
amount of senior unsecured notes due 2031 (the "Notes"). The
Notes will bear interest at a rate of 7.375% per annum and will be
issued at a price of 100.000% of the aggregate principal
amount.
The Issuers intend to use the net proceeds from the sale of the
Notes for general corporate purposes, including to repay certain
indebtedness, to fund potential buybacks of Class A common stock of
Charter and common units of Charter Communications Holdings, LLC
and to pay related fees and expenses. Charter expects to close the
offering of the Notes on February 13,
2023, subject to customary closing conditions.
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. The offering is 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 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
32 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 and sports
programming to its customers through Spectrum Networks. More
information about Charter can be found at
corporate.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, 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.