Charter Closes on Incremental $1.7B New Term Loan and Increases Revolving Credit Facilities
Charter intends to use the net proceeds from the new credit facilities for general corporate purposes, including to fund potential buybacks of Class A common stock of Charter or common units of Charter Communications Holdings, LLC and to repay certain indebtedness, including to repurchase, redeem or repay at maturity Time Warner Cable, LLC's 8.250% senior notes due 2019 and/or to repay a portion of the outstanding balance under CCO's revolving credit facility.
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Media: Justin Venech, 203-905-7818; Analysts: Stefan Anninger, 203-905-7955