trending Market Intelligence /marketintelligence/en/news-insights/trending/6LcsHM_5nVHT3wT-31puHA2 content esgSubNav
In This List

Charter units price $2.5B debt offerings

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

TMT Digital Newsletter: May 2021

Blog

Fintech Intelligence Digital Newsletter: May 2021


Charter units price $2.5B debt offerings

Charter Communications Inc.-owned CCO Holdings LLC and CCO Holdings Capital Corp. along with Charter Communications Operating LLC and Charter Communications Operating Capital Corp. priced $2.5 billion of various senior unsecured and secured notes in concurrent offerings.

CCO Holdings and CCO Holdings Capital priced $1.25 billion in aggregate principal amount of senior unsecured notes due 2027. The notes will bear interest at a rate of 5.125% per year and will be issued at a price of 100.5% of the aggregate principal amount. The notes form a part of the same series as the 5.125% senior unsecured notes issued Feb. 6.

Charter Communications Operating and Charter Communications Operating Capital priced $1.25 billion in aggregate principal amount of senior secured notes due 2047. These notes will bear interest at a rate of 5.375% per year and will be issued at a price of 99.968% of the aggregate principal amount.

The notes will result in proceeds of about $2.49 billion after deductions for underwriting discounts, commissions and new issue discount. Charter plans to use the net proceeds from the offerings to pay related fees and expenses and for general corporate reasons, including potentially buying back Charter's class A common stock or common units of Charter Communications Holdings LLC.

The offering is expected to close on April 20, subject to customary closing conditions.