Market Overview

Charter Closes on $750M Term Loan A Senior Secured Credit Facility


Charter Communications, Inc. (NASDAQ: CHTR) today announced that on December 19th, 2011, its subsidiary, Charter Communications Operating, LLC entered into a senior secured Term A Loan Facility pursuant to the terms of its Amended and Restated Credit Agreement, dated March 31, 2010, providing for $750 million of term loans with a final maturity date of May 15, 2017 and interest at the rate of LIBOR plus 2.25% per annum without a LIBOR floor.

The Term Loan A facility has a delayed draw component: $250 million was funded on closing of the Term Loan A and the remaining $500 million will be funded no later than March 15, 2012. The proceeds will be used for general corporate purposes.

Posted-In: News Financing


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