Charter Communications Inc. said its subsidiaries Charter Communications Operating LLC and Charter Communications Operating Capital Corp. closed on $1.5 billion in senior secured notes due 2050.
The notes, issued at a price of 99.436% of the aggregate principal amount, bear an annual interest rate of 4.800%.
Charter units CCO Holdings LLC and CCO Holdings Capital Corp. closed on $500 million of senior unsecured notes due 2030. These notes form a part of the same series of senior unsecured notes due 2030 issued Oct. 1, which bear an annual interest rate of 4.750% and were issued at a price of 101.250% of the aggregate principal amount.
Additionally, Charter Communications Operating LLC entered into a credit agreement amendment, converting all outstanding term B loans into new term B-1 loans and/or new term B-2 loans; converting some outstanding term A-2 loans and all outstanding term A-3 loans into new term A-4 loans; and extending the maturity of and reducing the pricing with respect to approximately $4.5 billion of its $4.75 billion revolving credit facility.