Charter prices $4.75 billion in senior secured notes due 2032, 2034, 2036 and 2056

Charter Communications said subsidiaries Charter Communications Operating, LLC and Charter Communications Operating Capital Corp. priced $4.75 billion of senior secured notes across four maturities: $1.75 billion due 2032 at 6.050% and 99.839% of principal, $1.0 billion due 2034 at 6.600% and 99.896%, $1.0 billion due 2036 at 6.950% and 99.937%, and $1.0 billion due 2056 at 7.850% and 99.921%. Net proceeds are intended to pay the cash consideration for the previously announced acquisition of Cox Communications and for general corporate purposes, including repaying certain indebtedness and covering related fees and expenses. Charter said the financing is not contingent on closing the Cox Transactions, and the Cox Transactions are not contingent on the note sale. The offering is expected to close on Aug. 18, 2026, subject to customary conditions, through an automatic shelf registration statement on Form S-3 filed with the SEC. Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC acted as Joint Book-Running Managers. Analysts say the long-dated debt sale shows Charter is moving to secure acquisition funding in a still-elevated rate environment as it pursues a broader U.S. broadband footprint through the Cox deal.

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