Charter Prices $2.5 Billion Senior Unsecured Notes
$1.1 billionin aggregate principal amount of senior unsecured notes due 2030 (the "2030 Notes"). The 2030 Notes will form a part of the same series as the Issuers' senior unsecured notes due 2030 issued on February 18, 2020, which bear interest at a rate of 4.500% per annum. The 2030 Notes will be issued at a price of 102.500% of the aggregate principal amount. $1.4billion in aggregate principal amount of senior unsecured notes due 2032 (the "2032 Notes," and together with the 2030 Notes, the "Notes"). The 2032 Notes were offered subsequent to the offering of the 2030 Notes and will bear interest at a rate of 4.500% per annum and will be issued at a price of 100.000% of the aggregate principal amount.
Charter intends to use the net proceeds from the sale of the Notes to pay related fees and expenses and for general corporate purposes, including repaying certain indebtedness of the Issuers, including to potentially refinance the Issuers' existing 5.250% senior notes due 2022 and 5.125% senior notes due 2023, as well as to fund potential buybacks of Class A common stock of Charter or common units of
The Notes were sold to qualified institutional buyers in reliance on Rule 144A and outside
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 in any jurisdiction in which such offer, solicitation, or sale is unlawful.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This communication includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, the potential offering. Although we believe that our plans, intentions and expectations as reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions including, without limitation, the factors described under "Risk Factors" from time to time in our filings with the SEC. Many of the forward-looking statements contained in this communication may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," and "potential," among others.
All forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by this cautionary statement. We are under no duty or obligation to update any of the forward-looking statements after the date of this communication.
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Media: Justin Venech, 203-905-7818, Analysts: Stefan Anninger, 203-905-7955