Charter Prices $3.5 Billion Senior Secured Notes
$1.0 billionin aggregate principal amount of Senior Secured Notes due 2033 (the "2033 Notes"). The 2033 Notes will bear interest at a rate of 4.400% per annum and will be issued at a price of 99.634% of the aggregate principal amount. $1.5 billionin aggregate principal amount of Senior Secured Notes due 2053 (the "2053 Notes"). The 2053 Notes will bear interest at a rate of 5.250% per annum and will be issued at a price of 99.300% of the aggregate principal amount. $1.0 billionin aggregate principal amount of Senior Secured Notes due 2063 (the "2063 Notes," and together with the 2033 Notes and the 2053 Notes, the "Notes"). The 2063 Notes will bear interest at a rate of 5.500% per annum and will be issued at a price of 99.255% 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 and 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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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, our plans, strategies and prospects, both business and financial. 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," "estimated," "aim," "on track," "target," "opportunity," "tentative," "positioning," "designed," "create," "predict," "project," "initiatives," "seek," "would," "could," "continue," "ongoing," "upside," "increases," "grow," "focused on" and "potential," among others.
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Media: Justin Venech, 203-905-7818; Analysts: Stefan Anninger, 203-905-7955