Charter Communications announced that its subsidiaries have commenced private exchange offers for various series of outstanding senior secured notes. The company is offering to exchange these existing notes for a combination of cash and up to $3.5 billion in aggregate principal of new senior secured notes.
Key Details
- Two-Part Offer: The transaction consists of two separate offers: one to exchange seven series of notes for up to $1.75 billion of new Senior Secured Notes due 2038, and a second to exchange five series of notes for up to $1.75 billion of new Senior Secured Notes due 2041.
- Offer Timeline: The exchange offers were commenced on July 23, 2026, and are set to expire at 5:00 PM New York City time on August 20, 2026, unless extended.
- Consideration: Holders who validly tender their existing notes will receive a combination of cash and a principal amount of the applicable new notes.