Charter Offers Senior Secured Notes

6/27/17

Charter Communications, Inc. (NASDAQ: CHTR) today announced that its subsidiaries, Charter Communications Operating, LLC and Charter Communications Operating Capital Corp. (collectively, the "Issuers"), intend to offer the following securities:

  • Senior secured notes due February 2028 (the "2028 Notes").
  • Senior secured notes due 2047 (the "Follow-on Notes," and together with the 2028 Notes, the "Notes"). The Follow-on Notes will form a part of the same series as the 5.375% Senior Secured Notes issued on April 20, 2017 in the aggregate principal amount of $1.25 billion.

Charter intends to use the net proceeds from the sale of the Notes to pay related fees and expenses and for general corporate purposes, including potential buybacks of the Class A common stock of Charter or common units of Charter Communications Holdings, LLC.

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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