Charter Withdraws Proposed Offering of Senior Unsecured Notes
STAMFORD, Conn., June 21, 2017 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp., have decided not to proceed with the previously announced senior unsecured notes offering as current terms and conditions available in the market were not sufficiently attractive for Charter to move forward.
"Today's debt capital market conditions did not allow this segment of investor expectations and those of Charter to align," said Christopher Winfrey, Chief Financial Officer of Charter Communications. "We will continue to be highly disciplined in our approach to financings, and will return to the broader credit markets when market conditions meet our expectations."
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, nor is it an offer to purchase, or the solicitation of an offer to sell the notes in any jurisdiction in which such offer, solicitation, or sale is unlawful.
Charter (NASDAQ: CHTR) is a leading broadband communications company and the second largest cable operator in the United States. Charter provides a full range of advanced broadband services, including Spectrum TV™ video entertainment programming, Spectrum Internet™ access, and Spectrum Voice™. Spectrum Business™ similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. Charter's advertising sales and production services are sold under the Spectrum Reach™ brand. More information about Charter can be found at www.charter.com.