STAMFORD, Conn., March 9, 2017 /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"), intend to offer $1.0
billion in aggregate principal amount of senior unsecured
notes due 2027 (the "Notes"). These notes will form a part of the
same series as the 5.125% Senior Unsecured Notes issued on
February 6, 2017 in the aggregate
principal amount of $1.0 billion.
Charter intends to use the net proceeds from this offering
as well as cash on hand to repurchase or redeem $2.0 billion in aggregate principal amount of
Time Warner Cable, LLC's 5.850% notes due 2017, to pay related fees
and expenses and for general corporate purposes.
The Notes will be 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, 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 (NASDAQ: CHTR) is a leading broadband communications
company and the second largest cable operator in the United States. Charter provides a full
range of advanced broadband services, including Spectrum TV™ video
entertainment programming, Spectrum Internet™ access, and Spectrum
Voice™. Spectrum Business™ similarly provides scalable, tailored,
and cost-effective broadband communications solutions to business
organizations, such as business-to-business Internet access, data
networking, business telephone, video and music entertainment
services, and wireless backhaul. Charter's advertising sales and
production services are sold under the Spectrum Reach™ brand. More
information about Charter can be found at www.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 and redemption of notes. 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.