Charter Closes $2.5 Billion Senior Secured Notes

4/17/18

Charter Communications, Inc. (NASDAQ: CHTR) today announced that its subsidiaries, Charter Communications Operating, LLC and Charter Communications Operating Capital Corp., have closed on $2.5 billion in aggregate principal amount of notes consisting of the following securities:

  • $800 million in aggregate principal amount of senior secured notes due 2038 (the "2038 Notes"). The 2038 Notes bear interest at a rate of 5.375% per annum and were issued at a price of 98.846% of the aggregate principal amount.
  • $1.7 billion in aggregate principal amount of senior secured notes due 2048 (the "2048 Notes" and together with the 2038 Notes, the "Notes"). The 2048 Notes bear interest at a rate of 5.750% per annum and were issued at a price of 99.706% of the aggregate principal amount.


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®, and Spectrum Voice®. 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 spectrum.com.

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