Charter Prices $3.0 Billion Senior Secured Notes
$1.5 billionin aggregate principal amount of Senior Secured Notes due 2041 (the "2041 Notes"). The 2041 Notes will bear interest at a rate of 3.500% per annum and will be issued at a price of 99.544% of the aggregate principal amount. $1.0 billionin aggregate principal amount of Senior Secured Notes due 2052 (the "2052 Notes"). The 2052 Notes will bear interest at a rate of 3.900% per annum and will be issued at a price of 99.951% of the aggregate principal amount. $500 millionin aggregate principal amount of Senior Secured Notes due 2061 (the "2061 Notes," and together with the 2041 Notes and the 2052 Notes, the "Notes"). The 2061 Notes will form a part of the same series as the Issuers' Senior Secured Notes due 2061 issued on December 4, 2020, which bear interest at a rate of 3.850% per annum. The 2061 Notes will be issued at a price of 94.668% of the aggregate principal amount.
Charter intends to use the net proceeds from the sale of the Notes for general corporate purposes, including to fund potential buybacks of Class A common stock of Charter or common units of
The offering and sale of the Notes were made pursuant to an effective automatic shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (the "
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.
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Media: Justin Venech, 203-905-7818; Analysts: Stefan Anninger, 203-905-7955