Charter Communications Inc.'s subsidiaries, CCO Holdings LLC and CCO Holdings Capital Corp,, plan to offer senior unsecured notes due 2030 to qualified institutional buyers.
Charter plans to use the net proceeds from the sale of the notes for general corporate purposes, including to fund potential buybacks of class A common stock of Charter or common units of Charter Communications Holdings. The company also intends to use the net proceeds to repay certain debts, including some or all of 5.250% senior notes due 2021 and/or 5.750% senior notes due 2024 of CCO Holdings and CCO Holdings Capital.
The offering is subject to market conditions, among other things.
