Charter Offers $1.5 Billion of Senior Unsecured Notes and Senior Secured Notes
STAMFORD, Conn., March 30, 2017 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp. (collectively, the "CCOH Issuers") and Charter Communications Operating, LLC and Charter Communications Operating Capital Corp. (collectively, the "CCO Issuers") intend to offer the following securities:
Through the concurrent offerings, Charter intends to offer $1.5 billion in aggregate principal amount of Notes.
Charter intends to use the net proceeds from the concurrent offerings 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 Charter Communications Holdings, LLC.
The Notes will be sold to qualified institutional buyers in reliance on Rule 144A and outside the United States to non-U.S. persons in reliance on Regulation S. The Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The concurrent offerings are subject to, among other things, market conditions.
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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
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 Charter Communications, Inc.