Investors

Charter Closes $2.5 Billion Senior Unsecured Notes

STAMFORD, Conn., March 18, 2020 /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"), have closed on $2.5 billion in aggregate principal amount of notes consisting of the following securities:

Charter Communications Logo. (PRNewsfoto/Charter Communications, Inc.)

  • $1.1 billion in aggregate principal amount of senior unsecured notes due 2030 (the "2030 Notes"). The 2030 Notes form a part of the same series as the Issuers' senior unsecured notes due 2030 issued on February 18, 2020, which bear interest at a rate of 4.500% per annum. The 2030 Notes were issued at a price of 102.500% of the aggregate principal amount.
  • $1.4 billion in aggregate principal amount of senior unsecured notes due 2032 (the "2032 Notes," and together with the 2030 Notes, the "Notes"). The 2032 Notes bear interest at a rate of 4.500% per annum and were issued at a price of 100.000% of the aggregate principal amount.

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 in any jurisdiction in which such offer, solicitation, or sale is unlawful.

About Charter 
Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company and cable operator serving more than 29 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.

For small and medium-sized companies, Spectrum Business delivers the same suite of broadband products and services coupled with special features and applications to enhance productivity, while for larger businesses and government entities, Spectrum Enterprise provides highly customized, fiber-based solutions. Spectrum Reach delivers tailored advertising and production for the modern media landscape. The company also distributes award-winning news coverage, sports and high-quality original programming to its customers through Spectrum Networks and Spectrum Originals. More information about Charter can be found at corporate.charter.com.

 

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SOURCE Charter Communications, Inc.

Media: Justin Venech, 203-905-7818; Analysts:Stefan Anninger, 203-905-7955