STAMFORD, Conn., Dec. 4, 2020 /PRNewswire/ -- Charter
Communications, Inc. (NASDAQ: CHTR) (along with its
subsidiaries, "Charter") today announced that its subsidiaries,
Charter Communications Operating, LLC and Charter Communications
Operating Capital Corp. (collectively, the "Issuers"), have closed
on $3.0 billion in aggregate
principal amount of notes consisting of the following
securities:
- $1.0 billion in aggregate
principal amount of senior secured notes due 2032 (the "2032
Notes"). The 2032 Notes bear interest at a rate of 2.300% per annum
and were issued at a price of 99.786% of the aggregate principal
amount.
- $650 million in aggregate
principal amount of senior secured notes due 2051 (the "2051
Notes"). The 2051 Notes form a part of the same series as the
Issuers' senior secured notes due 2051 issued on April 17, 2020, which bear interest at a rate of
3.700% per annum. The 2051 Notes were issued at a price of 100.791%
of the aggregate principal amount.
- $1.35 billion in aggregate
principal amount of senior secured notes due 2061 (the "2061
Notes," and together with the 2032 Notes and 2051 Notes, the
"Notes"). The 2061 Notes bear interest at a rate of 3.850% per
annum and were issued at a price of 99.882% of the aggregate
principal amount.
The Notes were issued pursuant to an effective automatic shelf
registration statement on Form S-3 filed with the Securities
and Exchange Commission ("SEC").
Deutsche Bank Securities Inc., J.P. Morgan Securities LLC
and Morgan Stanley & Co. LLC were Joint Book-Running Managers
for the offering. The offering was made only by means of a
prospectus supplement dated November 19,
2020 and the accompanying base prospectus, copies of which,
when available, may be obtained on the SEC's website at
www.sec.gov or by contacting Deutsche Bank Securities Inc.,
Attention: Prospectus Group, 60 Wall Street, New York, NY 10005; Telephone: (800) 503-4611;
E-mail: prospectus.CPDG@db.com, or by contacting J.P. Morgan
Securities LLC, Attention: Investment Grade Syndicate Desk, 383
Madison Avenue, New York, New
York, 10179; Telephone: (212) 834-4533, or by contacting
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, 2nd Floor, New York,
NY 10014; E-mail: prospectus@morganstanley.com.
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 connectivity company and cable operator serving more than
30 million customers in 41 states through its Spectrum brand. Over
an advanced communications network, the company offers a full range
of state-of-the-art residential and business services including
Spectrum Internet®, TV, Mobile and Voice.
For small and medium-sized companies, Spectrum
Business® delivers the same suite of broadband products
and services coupled with special features and applications to
enhance productivity, while for larger businesses and government
entities, Spectrum Enterprise provides highly customized,
fiber-based solutions. Spectrum Reach® delivers tailored
advertising and production for the modern media landscape. The
company also distributes award-winning news coverage, sports and
high-quality original programming to its customers through Spectrum
Networks and Spectrum Originals. More information about Charter can
be found at corporate.charter.com.
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SOURCE Charter Communications, Inc.