Charter Communications, Inc. announced the closing of its offering of $2.0 billion in Senior Secured Notes.
The offering included $1.25 billion in Senior Secured Notes due 2035 and $750 million in Senior Secured Notes due 2055.
The Notes were issued at specific prices and bear interest rates of 5.850% and 6.700% per annum, respectively.
Offering Details
$2.0 billion in aggregate principal amount, consisting of $1.25 billion due 2035 and $750 million due 2055.
Interest Rates
2035 Notes: 5.850% per annum, 2055 Notes: 6.700% per annum.
Issuance Prices
2035 Notes issued at 99.932% of principal amount, 2055 Notes at 99.832%.
Book-Running Managers
Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC.
- The successful closing of the $2.0 billion Senior Secured Notes offering demonstrates Charter's ability to access capital markets effectively.
- The offering provides Charter with significant capital for potential expansion and operational needs in the foreseeable future.
Charter Communications, Inc. has secured substantial funding through the issuance of Senior Secured Notes, positioning the company for future growth and strategic initiatives.