Charter Raises $4B Via Debt Offering

September 28, 2021 6:38 AM | 1 min read | Make a Comment

Charter Communications Inc CHTR subsidiaries, Charter Communications Operating, LLC, and Charter Communications Operating Capital Corp, have priced $4.0 billion in notes in a secondary offering.
The notes included $1.25 billion of 2.25% Senior Secured Notes due 2029, $1.35 billion of 3.5% Senior Secured Notes due 2042, and $1.4 billion of 3.95% Senior Secured Notes due 2062.
The offering proceeds will serve general corporate purposes, including potential buybacks and debt repayment.
Charter held $87.5 billion in debt as of June 30.
Price Action: CHTR shares closed lower by 0.64% at $734.41 on Monday.

Posted In: News Offerings Tech Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.