STAMFORD, Conn, March 15,
2022 /PRNewswire/ -- Charter Communications, Inc.
(NASDAQ: CHTR) (along with its subsidiaries, "Charter") today
announced that its subsidiaries, Charter Communications Operating,
LLC and Charter Communications Operating Capital Corp.
(collectively, the "Issuers"), have closed their offering of
$3.5 billion in aggregate principal
amount of notes consisting of the following securities:
![Charter Communications Logo. (PRNewsfoto/Charter Communications, Inc.) Charter Communications Logo. (PRNewsfoto/Charter Communications, Inc.)](https://mma.prnewswire.com/media/76092/charter_communications_logo.jpg)
- $1.0 billion in aggregate
principal amount of Senior Secured Notes due 2033 (the "2033
Notes"). The 2033 Notes bear interest at a rate of 4.400% per annum
and were issued at a price of 99.634% of the aggregate principal
amount.
- $1.5 billion in aggregate
principal amount of Senior Secured Notes due 2053 (the "2053
Notes"). The 2053 Notes bear interest at a rate of 5.250% per annum
and were issued at a price of 99.300% of the aggregate principal
amount.
- $1.0 billion in aggregate
principal amount of Senior Secured Notes due 2063 (the "2063
Notes," and together with the 2033 Notes and the 2053 Notes, the
"Notes"). The 2063 Notes bear interest at a rate of 5.500% per
annum and were issued at a price of 99.255% of the aggregate
principal amount.
The Notes were issued pursuant to an effective automatic shelf
registration statement on Form S-3 filed with the Securities
and Exchange Commission ("SEC").
J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and
Wells Fargo Securities, LLC were Joint Book-Running Managers
for the senior secured notes offering. The offering was made only
by means of a prospectus supplement dated March 10, 2022 and the accompanying base
prospectus, copies of which, when available, may be obtained on the
SEC's website at www.sec.gov or by contacting J.P. Morgan
Securities LLC, Attention: Investment Grade Syndicate Desk, 383
Madison Avenue, New York, New
York, 10179; Telephone: (212) 834-4533, or by contacting
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, 2nd Floor, New York,
NY 10014; E-mail: prospectus@morganstanley.com, or by
contacting Wells Fargo Securities, LLC, Attention: WFS Customer
Service, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402; E-mail:
wfscustomerservice@wellsfargo.com; Toll-Free: (800) 645-3751.
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 in any jurisdiction in which such offer,
solicitation, or sale is unlawful.
About Charter
Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband
connectivity company and cable operator serving more than 32
million customers in 41 states through its Spectrum brand. Over an
advanced communications network, the company offers a full range of
state-of-the-art residential and business services including
Spectrum Internet®, TV, Mobile and Voice.
For small and medium-sized companies, Spectrum
Business® delivers the same suite of broadband products
and services coupled with special features and applications to
enhance productivity, while for larger businesses and government
entities, Spectrum Enterprise provides highly customized,
fiber-based solutions. Spectrum Reach® delivers tailored
advertising and production for the modern media landscape. The
company also distributes award-winning news coverage, sports and
high-quality original programming to its customers through Spectrum
Networks and Spectrum Originals. More information about Charter can
be found at corporate.charter.com.
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SOURCE Charter Communications, Inc.