STAMFORD,
Conn., Nov. 7, 2023 /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. (collectively, the "Issuers"), intend to offer senior
secured fixed rate notes (the "Notes").
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.
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.
BofA Securities, Inc., Deutsche Bank Securities
Inc. and Morgan Stanley & Co. LLC will act as Joint
Book-Running Managers for the senior secured notes offering. The
offering will be made only by means of a prospectus supplement
dated November 7, 2023 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 BofA Securities, Inc., 201 North Tryon Street,
NC1-022-02-25, Charlotte, NC
28255-0001, Attn: Prospectus Department, by telephone:
1-800-294-1322 or by emailing: dg.prospectus_requests@bofa.com, or
by contacting Deutsche Bank Securities Inc., Attention: Prospectus
Group, 1 Columbus Circle, New York,
NY 10019; Telephone: (800) 503-4611; E-mail:
prospectus.CPDG@db.com, 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
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," "estimated," "aim,"
"on track," "target," "opportunity," "tentative," "positioning,"
"designed," "create," "predict," "project," "initiatives," "seek,"
"would," "could," "continue," "ongoing," "upside," "increases,"
"grow," "focused on" 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.