News Release
Charter Prices $2.5 Billion of Senior Unsecured Notes and Senior Secured Notes
- The CCOH Issuers:
$1.25 billion in aggregate principal amount of senior unsecured notes due 2027 (the "CCOH Notes"). These notes will bear interest at a rate of 5.125% per annum and will be issued at a price of 100.5% of the aggregate principal amount of$1.25 billion . These notes form a part of the same series as the 5.125% Senior Unsecured Notes issued onFebruary 6, 2017 and increased onMarch 29, 2017 to the aggregate principal amount of$2.0 billion , and, - The CCO Issuers:
$1.25 billion in aggregate principal amount of senior secured notes due 2047 (together with the CCOH Notes, the "Notes"). These notes will bear interest at a rate of 5.375% per annum and will be issued at a price of 99.968% of the aggregate principal amount of$1.25 billion .
Through the concurrent offerings, Charter has priced
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, 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.
About Charter
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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/charter-prices-25-billion-of-senior-unsecured-notes-and-senior-secured-notes-300432381.html
SOURCE
Media: Justin Venech, 203-905-7818, Analysts: Stefan Anninger, 203-905-7955