Charter Prices $3.0 Billion Senior Unsecured Notes
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$1.75 billion in aggregate principal amount of Senior Notes due 2033 (the "2033 Notes"). The 2033 Notes will bear interest at a rate of 7.000% per annum and will be issued at a price of 100% of the aggregate principal amount. -
$1.25 billion in aggregate principal amount of Senior Notes due 2036 (the "2036 Notes" and, together with the 2033 Notes, the "Notes"). The 2036 Notes will bear interest at a rate of 7.375% per annum and will be issued at a price of 100% of the aggregate principal amount.
The Issuers intend to use the net proceeds from this offering for general corporate purposes, including to repay certain indebtedness, including the full redemption of the Issuers' 5.500% Senior Notes due 2026 (the "2026 Notes") and the partial redemption of the Issuers' 5.125% Senior Notes due 2027 (the "2027 Notes"), to fund potential buybacks of Charter's Class A common stock and common units of
The Notes were sold to qualified institutional buyers or persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A and outside
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. The intended redemption of the 2026 Notes and the 2027 Notes will be made solely pursuant to notices of redemption that will be delivered pursuant to the indentures governing the 2026 Notes and the 2027 Notes, as applicable, and nothing contained in this news release constitutes a notice of redemption of the 2026 Notes or the 2027 Notes.
About Charter
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
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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