Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Tenders > Headlines for 2015 > News item |
Charter tenders for $1 billion 7¼% notes, $700 million 8 1/8% notes
By Susanna Moon
Chicago, April 13 – Charter Communications, Inc. said it began tender offers for its $1 billion 7¼% senior notes due 2017 and its $700 million 8 1/8% senior notes due 2020.
The purchase price per $1,000 principal amount will be $1,040.50 for the 7¼% notes and $1,045.50 for the 8 1/8% notes, according to two company notices.
The company also will pay accrued interest.
The tender offers will end at 11:59 p.m. ET on April 20. Tendered notes may be withdrawn before the end of the offer.
Funding for the offers will come from an issue of new notes, and the offers are conditioned on completion of the offering.
The company said its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp., plan to offer $1.5 billion principal amount of senior notes due 2023 and 2025.
The company said it expects to redeem any notes not purchased in the tender offers after completion of the offers.
Credit Suisse Securities (USA) LLC (liability management group, 800 820-1653 or 212 325-2476 collect) is the dealer manager. Global Bondholder Services Corp. (gbsc-usa.com/Charter, 212 430-3774, 866 924-2200 or fax 212 430-3775/3779) is the information agent.
Charter is a Stamford, Conn.-based broadband communications company and cable operator.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.