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SEC Filings

8-K
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form 8-K on 12/30/2016
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ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

On December 23, 2016, Charter Communications Operating, LLC (“Charter Operating”) and certain of its subsidiaries entered into Amendment No. 1 (“Amendment No. 1”) to that certain Amended and Restated Credit Agreement, dated March 18, 1999, as further amended and restated on May 16, 2016 (such credit agreement as in effect immediately prior to Amendment No. 1, the “Existing Credit Agreement”). The changes to the Existing Credit Agreement include, among other things, (i) replacing all existing revolving commitments, Term A Loans, Term H Loans and Term I Loans with new revolving commitments, Term A-1 Loans, Term H-1 Loans and Term I-1 Loans and (ii) changing the interest rates applicable thereto and extending certain maturity dates, as set forth below.

(i) Revolving Loans, at the option of Charter Operating, bear interest at the Eurodollar Rate plus 1.75% or ABR plus 0.75% (reduced from the Eurodollar Rate plus 2.00% or ABR plus 1.00%);

(ii)Term A-1 Loan, at the option of Charter Operating, bear interest at the Eurodollar Rate plus 1.75% or ABR plus 0.75% (reduced from the Eurodollar Rate plus 2.00% or ABR plus 1.00%);

(iii) (A) Term H-1 Loan, at the option of Charter Operating, bear interest at the Eurodollar Rate plus 2.00% or ABR plus 1.00% (reduced from the Eurodollar Rate plus the sum of (x) 2.50% and (y) the amount, if any, by which 0.75% exceeds the Eurodollar Rate or ABR plus the sum of (x) 1.50% and (y) the amount, if any, by which 1.75% exceeds the ABR) and (B) the maturity date of the Term H-1 Loan is January 15, 2022 (extended from August 24, 2021); and

(iv) (A) Term I-1 Loan, at the option of Charter Operating, bear interest at the Eurodollar Rate plus 2.25% or ABR plus 1.25% (reduced from the Eurodollar Rate plus the sum of (x) 2.750% and (y) the amount, if any, by which 0.75% exceeds the Eurodollar Rate or ABR plus the sum of (x) 1.75% and (y) the amount, if any, by which 1.75% exceeds the ABR) and (B) the maturity date of the Term I-1 Loan is January 15, 2024 (extended from January 24, 2023).

A copy of Amendment No. 1 and the attachments thereto is filed herewith as Exhibits 10.1, and is incorporated herein by reference. The foregoing description of Amendment No. 1 does not purport to be complete and is qualified in its entirety by reference to the full text of this document.

 

ITEM 2.03. CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT.

The information in Item 1.01 above is incorporated herein by reference.

 

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

 

Exhibit

 

Description

10.1   Amendment No. 1 dated as of December 23, 2016, to the Amended and Restated Credit Agreement dated as of March 18, 1999, as amended and restated on May 18, 2016, by and among Chart Communications Operating, LLC, CCO Holdings, LLC, the Lenders Party thereto and Bank of America, N.A., as Administrative Agent.

 

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