Charter Announces Upsize and Early Tender Results for 4.908% Senior Secured Notes due 2025
STAMFORD, Conn., May 22, 2024 /PRNewswire/ — Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, “Charter”) today announced the early tender results for the previously announced cash tender offer (the “Tender Offer”) by its subsidiaries, Charter Communications Operating, LLC and Charter Communications Operating Capital Corp. (collectively, the “Company”) for the Company’s outstanding 4.908% senior secured notes due 2025 (the “Notes”). The Tender Offer is being made pursuant to the terms and conditions set forth in the offer to purchase, dated May 9, 2024 (as amended and supplemented, the “Offer to Purchase”). Charter further announced that it has increased the maximum amount of the Notes it will repurchase in the Tender Offer from (x) a combined aggregate purchase price of up to $2.5 billion (excluding accrued and unpaid interest up to, but not including, the applicable settlement date and excluding fees and expenses related to the Tender Offer) to (y) up to $2.7 billion combined aggregate principal amount of the Notes (which excludes, for the avoidance of doubt, accrued and unpaid interest up to, but not including, the applicable settlement date and excludes premiums, fees and expenses related to the Tender Offer) (the “Aggregate Maximum Amount”). The Tender Offer now comprises the Company’s offer to purchase for cash up to the Aggregate Maximum Amount of the Notes. The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offer.