STAMFORD, Conn., Sept. 18, 2017 /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
on $2.0 billion in aggregate
principal amount of notes consisting of the following
securities:
- $1.25 billion in aggregate
principal amount of senior secured notes due March 2028 (the "2028 Notes"). These notes bear
interest at a rate of 4.200% per annum and were issued at a price
of 99.757% of the aggregate principal amount.
- $750 million in aggregate
principal amount of senior secured notes due May 2047 (the "2047 Notes," and together with the
2028 Notes, the "Notes"). The 2047 Notes bear interest at a rate of
5.375% per annum and were issued at a price of 98.969% of the
aggregate principal amount. The 2047 Notes form a part of the same
series as the Issuers' 5.375% Senior Secured Notes due 2047 issued
on April 20, 2017, and issued in the
follow-on offering on July 6,
2017.
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.charter.com.
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SOURCE Charter Communications, Inc.