Charter Communications, Inc. (NASDAQ: CHTR) announced that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp., have priced $2.0 billion in aggregate principal amount of senior unsecured notes due 2034. The Notes will bear interest at a rate of 4.250% per annum and will be issued at a price of 100.000% of the aggregate principal amount.
The Issuers intend to use the net proceeds from the sale of the Notes for general corporate purposes, including to repay certain indebtedness, to fund potential buybacks of Class A common stock of Charter or common units of Charter Communications Holdings, LLC and to pay related fees and expenses. Charter expects to close the offering of the Notes on August 16, 2021, subject to customary closing conditions.
About Charter
Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company and cable operator serving more than 31 million customers in 41 states through its Spectrum brand. Over an advanced communications network, the company offers a full range of state-of-the-art residential and business services including Spectrum Internet®, TV, Mobile and Voice.
