| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Charter Communications, Inc. > News item |
S&P: Charter unchanged after upsizing
Standard & Poor’s said the corporate credit rating on Charter Communications Inc. is unchanged following the upsizing of its proposed senior unsecured notes to $3.5 billion from $1.5 billion, which is issued by CCOH Safari LLC.
The notes are being issued in two tranches – $1.5 billion 5½% notes due 2022 and $2 billion of 5¾% notes due 2024.
The proceeds will be used to fund the acquisition of about 1.4 million subscribers from Comcast, S&P said.
Also unchanged are the B+ rating and 5 recovery rating on the unsecured notes. The 5 recovery rating indicates 10% to 30% expected default recovery.
© 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.