Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, “Charter”) today announced that its subsidiaries, Charter Communications Operating, LLC (“CCO”) and Charter Communications Operating Capital Corp. (“CCO Capital,” and together with CCO, the “Issuers”), have priced $2.0 billion in aggregate principal amount of notes consisting of the following securities:
- $1.25 billion in aggregate principal amount of Senior Secured Notes due 2035 (the “2035 Notes”). The 2035 Notes will bear interest at a rate of 5.850% per annum and will be issued at a price of 99.932% of the aggregate principal amount.
- $750 million in aggregate principal amount of Senior Secured Notes due 2055 (the “2055 Notes” and, together with the 2035 Notes, the “Notes”). The 2055 Notes will bear interest at a rate of 6.700% per annum and will be issued at a price of 99.832% of the aggregate principal amount.
The Issuers intend to use the net proceeds from this offering for general corporate purposes, including to repay certain indebtedness, including the Issuers’ 6.150% Senior Secured Notes due 2026 (the “2026 Notes”), to fund potential buybacks of Charter Class A common stock and common units of Charter Communications Holdings, LLC and to pay related fees and expenses. Charter expects to close the offering of the Notes on September 2, 2025, subject to customary closing conditions.
The offering and sale of the Notes were made pursuant to an effective automatic shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (the “SEC”).
Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC were Joint Book-Running Managers for the senior secured notes offering. The offering was made only by means of a prospectus supplement dated August 18, 2025 and the accompanying base prospectus, copies of which, when available, may be obtained on the SEC’s website at www.sec.gov or by contacting Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: (800) 831-9146, E-mail: prospectus@citi.com, or by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attn: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at JPMorganPostSale@broadridge.com, or by contacting Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, New York, NY 10014.
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. The intended redemption of the 2026 Notes will be made solely pursuant to a notice of redemption that will be delivered pursuant to the indenture governing the 2026 Notes, and nothing contained in this news release constitutes a notice of redemption of the 2026 Notes.
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