STAMFORD, Conn., April 20, 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
"CCOH Issuers") and Charter Communications Operating, LLC and
Charter Communications Operating Capital Corp. (collectively, the
"CCO Issuers") have closed on the following securities:
- The CCOH Issuers: $1.25 billion
in aggregate principal amount of senior unsecured notes due 2027
(the "CCOH Notes"). The CCOH Notes bear interest at a rate of
5.125% per annum and were issued at a price of 100.500% of the
aggregate principal amount of $1.25
billion. The CCOH Notes form a part of the same series as
the 5.125% Senior Unsecured Notes issued on February 6, 2017 and increased on March 29, 2017 to the aggregate principal amount
of $2.0 billion, and,
- The CCO Issuers: $1.25 billion in
aggregate principal amount of senior secured notes due 2047 (the
"CCO Notes," and together with the CCOH Notes, the "Notes"). The
CCO Notes bear interest at a rate of 5.375% per annum and were
issued at a price of 99.968% of the aggregate principal amount of
$1.25 billion.
Through the concurrent offerings, Charter has closed on
$2.5 billion in aggregate principal
amount of Notes.
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.
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.spectrum.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/charter-closes-25-billion-of-senior-unsecured-notes-and-senior-secured-notes-300443238.html
SOURCE Charter Communications, Inc.