Charter Communications, Inc. announced the closing of its offering of $2.0 billion 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 interest rates and prices in aggregate principal amount.
Notes Offered
$1.25 billion Senior Secured Notes due 2035 and $750 million Senior Secured Notes due 2055 were offered.
Interest Rates
2035 Notes bear interest at 5.850% per annum, while 2055 Notes bear interest at 6.700% per annum.
Issuing Details
The Notes were issued under an effective automatic shelf registration statement on Form S-3.
- The successful closure of the $2.0 billion Senior Secured Notes offering demonstrates Charter's ability to access capital markets effectively.
- The specific interest rates set for the Notes reflect investor confidence in Charter's financial stability.
Charter's strategic move to raise funds through Senior Secured Notes signifies a positive outlook for its future financial operations.