STAMFORD, Conn., Oct. 15, 2019 /PRNewswire/ -- Charter
Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries,
"Charter") today announced that its subsidiaries, CCO Holdings, LLC
and CCO Holdings Capital Corp., intend to offer senior unsecured
notes due 2030 (the "Notes"). These notes will form a part of the
same series of 4.750% Senior Unsecured Notes issued on October 1, 2019 in the aggregate principal amount
of $1.35 billion.
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
Charter Communications Holdings, LLC and to repay certain
indebtedness.
The Notes will be sold to qualified institutional buyers in
reliance on Rule 144A and outside the
United States to non-U.S. persons in reliance on Regulation
S. The Notes have not been registered under the Securities Act of
1933, as amended (the "Securities Act"), or any state securities
laws and, unless so registered, may not be offered or sold in
the United States except pursuant
to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable
state securities laws. The offering is subject to, among other
things, market conditions.
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.
About Charter
Charter Communications, Inc.
(NASDAQ:CHTR) is a leading broadband communications company and the
second largest cable operator in the
United States. Charter provides a full range of advanced
residential broadband services, including Spectrum TV® programming,
Spectrum Internet®, Spectrum Voice®, and Spectrum Mobile™. Under
the Spectrum Business® brand, Charter provides scalable, and
cost-effective broadband communications solutions to small and
medium-sized business organizations, including Internet access,
business telephone, and TV services. Through the Spectrum
Enterprise brand, Charter is a national provider of scalable,
fiber-based technology solutions serving many of America's largest
businesses and communications service providers. Charter's
advertising sales and production services are sold under the
Spectrum Reach® brand. Charter's news and sports networks are
operated under the Spectrum Networks brand. More information about
Charter can be found at newsroom.charter.com.
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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SOURCE Charter Communications, Inc.