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Charter units propose debt offering

Charter Communications Inc. subsidiaries Charter Communications Operating LLC and Charter Communications Operating Capital Corp. proposed an offering of senior secured fixed rate notes.

The broadband communications company said Jan. 14 that it intends to use the proceeds for general corporate purposes, including to fund potential buybacks of class A common stock of Charter or common units of Charter Communications Holdings LLC and to repay certain debt, including to repurchase, redeem or repay at maturity Time Warner Cable LLC's 8.750% senior notes due 2019 and/or to repay a portion of the outstanding balance under Charter Communications Operating 's revolving credit facility.

Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. will act as joint book-running managers for the offering.