Charter Announces $1.5 Bln Senior Notes Offering

(RTTNews) - Charter Communications, Inc. (CHTR) said Monday that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp., plan to offer $1.5 billion in aggregate principal amount of senior unsecured notes due 2023 and 2025.

Charter plans to use the net proceeds from the sale of the new notes, together with new borrowings under its revolving credit facility, to finance a tender offer for any and all of its outstanding $1.0 billion 7.25% Senior Notes due 2017 at a purchase price equal to $1,040.50 per $1,000 principal amount thereof plus accrued and unpaid interest and $700 million 8.125% Senior Notes due 2020 at a purchase price equal to $1,045.50 per $1,000 principal amount thereof plus accrued and unpaid interest, to pay related fees and expenses and for general corporate purposes.