Market Overview

Charter Offers $1.0 Billion Senior Unsecured Notes


Charter Communications (NASDAQ: CHTR) announced that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp., intend to publicly offer $1.0 billion in aggregate principal amount of senior unsecured notes due 2022.

The offering and sale of the notes will be made pursuant to an automatic shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. Charter intends to use the net proceeds from the sale of the notes for general corporate purposes, including repaying amounts outstanding under the Charter Communications Operating, LLC revolving credit facility, to pay fees and expenses related to this offering and to fund the redemption of the CCH II, LLC 13.5% senior notes due 2016 on or before November 30, 2012.

Posted-In: News Offerings Pre-Market Outlook


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