STAMFORD, Conn., Nov. 10,
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"), have closed their offering of
$2.0 billion in aggregate principal
amount of notes consisting of the following securities:
- $1.1 billion in aggregate
principal amount of Senior Secured Notes due 2026 (the "2026
Notes"). The 2026 Notes bear interest at a rate of 6.150% per annum
and were issued at a price of 99.911% of the aggregate principal
amount.
- $900 million in aggregate
principal amount of Senior Secured Notes due 2034 (the "2034 Notes"
and, together with the 2026 Notes, the "Notes"). The 2034 Notes
bear interest at a rate of 6.650% per annum and were issued at a
price of 99.878% of the aggregate principal amount.
The Notes were issued pursuant to an effective automatic shelf
registration statement on Form S-3 filed with the Securities
and Exchange Commission ("SEC").
BofA Securities, Inc., Deutsche Bank Securities Inc. and Morgan
Stanley & Co. LLC were Joint Book-Running Managers for the
senior secured notes offering. The offering was 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 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.
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SOURCE Charter Communications, Inc.