Loan & DebtAug 12, 2026, 04:14 PM
Charter Communications Issues $3.31B in New Senior Secured Notes
AI Summary
Charter Communications Operating, LLC and Charter Communications Operating Capital Corp. (the "Issuers") completed the early settlement of their exchange offers. They issued $1.69 billion of 7.087% Senior Secured Notes due 2038 and $1.63 billion of 7.337% Senior Secured Notes due 2041, totaling approximately $3.31 billion. These new notes are senior secured obligations, guaranteed by the Parent Guarantor and subsidiaries, and secured by a first priority security interest in certain assets.
Key Highlights
- Issued $1.69 billion of 7.087% Senior Secured Notes due 2038.
- Issued $1.63 billion of 7.337% Senior Secured Notes due 2041.
- Total new senior secured notes issued amounted to approximately $3.31 billion.
- Interest on both series of notes is payable semi-annually, starting March 1, 2027.
- Notes are senior secured obligations, guaranteed by the Parent Guarantor and subsidiaries.
- Redeemable with a make-whole premium prior to specific dates, then at par.
Price Impact
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