Charter Communications' Subsidiary Prices $1.2 Billion Senior Notes Due 2026

Charter Communications, Inc. CHTR said its subsidiaries, CCO Holdings, LLC, as well as, CCO Holdings Capital Corp. have priced their $1.2 billion senior Notes. The notes would be an unsecured one due in 2026, according to the company.

Charter Communications indicated that the fresh Senior Notes would carry an interest rate of 5.5 percent per year. The notes would be issued at 100 percent of its price for the aggregate principal amount. The cable firm expects to close the offering on April 21, subject to closing conditions.

The company said the New Notes were not registered under the Securities Act of 1933, as amended. The fresh senior Notes were issued only to qualified institutional investors in accordance with the Rule 144A.

On Thursday, shares of the company shed 0.52 percent.