Charter Communications has entered into multiple supplemental indentures effective August 24, 2026, to align the debt structures of Charter and Cox Communications following their recent business combination. The agreements add subsidiaries from each company as guarantors to the other's existing debt instruments, creating a unified collateral and guarantor pool for the combined enterprise.
Key Details
- Guarantor Integration: Cox entities have become guarantors for obligations under the Charter Credit Agreement and indentures for CCO, Time Warner Cable (TWC), and Time Warner Cable Enterprises (TWCE).
- Pari Passu Structure: In parallel, Charter subsidiaries have become guarantors for debt under the Cox Indenture. As a result, secured notes across both capital structures are now guaranteed and secured on a pari passu (equal) basis.
- Post-Transaction Alignment: This financial restructuring follows the closing of a transaction on August 19, 2026, where Charter acquired Cox's commercial fiber business and Cox contributed its residential cable business to a Charter subsidiary.