AcquisitionsJul 23, 2026, 04:52 PM
Charter Files Financials for Cox Communications Acquisition
AI Summary
Charter Communications, Inc. filed audited and unaudited financial statements for Cox Communications and pro forma financial information related to its previously announced acquisition of Cox Communications' commercial fiber and managed IT and cloud services businesses. The transaction also involves Cox Enterprises contributing its residential cable business to Charter Holdings. Additionally, Charter announced private exchange offers for various series of its old senior secured notes for up to $1.75 billion each in new 2038 and 2041 notes, expiring August 20, 2026.
Key Highlights
- Filed audited financial statements for Cox Communications for 2023-2025.
- Filed unaudited interim condensed consolidated financial statements for Cox Communications as of and for Q1 2026.
- Provided pro forma financial information regarding the Cox Transactions.
- Charter to pay $3.5 billion in cash for Cox Communications' commercial fiber and IT services businesses.
- Charter Holdings to pay $650 million cash and issue convertible preferred units for Cox residential cable business.
- Combined entity to assume approximately $12.4 billion in Cox Communications' outstanding net debt and finance leases.
- Announced private exchange offers for various series of old senior secured notes.
- Up to $1.75 billion in new 2038 Senior Secured Notes and $1.75 billion in new 2041 Senior Secured Notes to be issued.
Price Impact
More from CHTR