Charter Communications (CHTR) has shared an update.
Charter Communications Operating, LLC and its affiliate issued $1.5 billion in 6.100% Senior Secured Notes due 2029 and another $1.5 billion in 6.550% Senior Secured Notes due 2034, with interest payments beginning December 2024. These notes were secured through a supplemental indenture to the base indenture from 2015 and are guaranteed and secured by the issuing entities and their subsidiaries. The notes offer redemption options before maturity with a make-whole premium, and after specified dates at 100% principal value plus accrued interest. The terms also restrict the issuers’ ability to incur additional liens and undergo significant corporate transactions. The completion of the sale was announced without deeming it material information for SEC filing purposes.
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