News Release
Charter Prices $1.5 Billion Senior Secured Notes
$1.0 billion in aggregate principal amount of senior secured notes dueFebruary 2028 (the "2028 Notes"). These notes will bear interest at a rate of 3.750% per annum and will be issued at a price of 99.166% of the aggregate principal amount.$500 million in aggregate principal amount of senior secured notes dueMay 2047 (the "Follow-on Notes," and together with the 2028 Notes, the "Notes"). The Follow-on Notes will bear interest at a rate of 5.375% per annum and will be issued at a price of 106.529% of the aggregate principal amount. The Follow-on Notes will form a part of the same series as the 5.375% Senior Secured Notes issued onApril 20, 2017 in the aggregate principal amount of$1.25 billion .
The Notes will result in proceeds of approximately
Charter intends to use the net proceeds from the sale of the Notes to pay related fees and expenses and for general corporate purposes, including potential buybacks of the Class A common stock of Charter or common units of
The Notes were sold to qualified institutional buyers in reliance on Rule 144A and outside
This news release is neither an offer to sell nor a solicitation of an offer to buy the Notes and shall not constitute an offer, solicitation or sale, nor is it an offer to purchase, or the solicitation of an offer to sell the Notes in any jurisdiction in which such offer, solicitation, or sale is unlawful.
About Charter
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This communication includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, the potential offering. Although we believe that our plans, intentions and expectations as reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions including, without limitation, the factors described under "Risk Factors" from time to time in our filings with the SEC. Many of the forward-looking statements contained in this communication may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," and "potential," among others.
All forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by this cautionary statement. We are under no duty or obligation to update any of the forward-looking statements after the date of this communication.
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SOURCE
Media: Justin Venech, 203-905-7818; or Analysts: Stefan Anninger, 203-905-7955