Charter announces senior secured notes offering
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Charter Communications Inc. (NASDAQ: CHTR) announced its subsidiaries Charter Communications Operating LLC and Charter Communications Operating Capital Corp. intend to offer senior secured fixed rate notes, according to a company statement.
The cable operator plans to use proceeds from the offering for general corporate purposes, including repaying certain debt such as the issuer's 6.150% Senior Secured Notes due 2026. The company also intends to fund potential buybacks of Charter Class A common stock and common units of Charter Communication Holdings LLC, and pay related fees and expenses.
The offering will be made under an effective automatic shelf registration statement on Form S-3 filed with the Securities and Exchange Commission. The company noted the offering remains subject to market conditions.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC will serve as joint book-running managers for the notes offering. The offering will be conducted through a prospectus supplement dated August 18, 2025, and an accompanying base prospectus.
Charter provides broadband connectivity and cable services to more than 57 million homes and businesses across 41 states through its Spectrum brand. The company offers internet, television, mobile and voice services over its communications network.
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