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Charter subsidiaries complete tender offer for debt securities

Charter Communications Inc. units CCO Holdings LLC and CCO Holdings Capital Corp. closed on $1.35 billion in senior unsecured notes due 2030.

The notes, which were issued at a price of 100.000% of the aggregate principal amount, bear an annual interest rate of 4.750%.

Charter units also completed the tender offer to purchase any and all of its outstanding $500 million of 5.250% senior notes due 2021. The tender offer expired at 5:00 p.m. ET on Sept. 27.

Charter said about $60.6 million or 12.13% of the 2021 notes were validly tendered prior to the expiration time.

The company conditionally called for redemption of all 2021 notes that were not tendered at the redemption price of $1,000 for every $1,000 principal amount of 2021 notes, plus accrued and unpaid interest to the date of redemption.

Charter issued a conditional notice of partial redemption to redeem $850 million of its $1.0 billion outstanding 5.750% senior notes due 2024 on Oct. 18 at a redemption price of $1,019.17 for every $1,000 principal amount of 2024 notes, plus accrued and unpaid interest to the date of redemption. Following the redemption, $150 million principal amount of 2024 notes will remain outstanding.

Bank of America Merrill Lynch was dealer manager for the tender offer.