Charter Communications, through its operating subsidiaries, has issued approximately $3.31 billion in new senior secured notes as part of an early settlement of its previously announced private exchange offers. The transaction refinances several series of existing notes with new debt instruments, altering the company's debt maturity profile and interest obligations.
Key Details
- New Notes Issued: The company issued $1,686,285,000 of 7.087% Senior Secured Notes due 2038 and $1,627,538,000 of 7.337% Senior Secured Notes due 2041.
- Transaction Date: The early settlement and issuance of the new notes occurred on August 12, 2026. The exchange offers were originally commenced on July 23, 2026.
- Registration Rights: In connection with the issuance, the company entered into an Exchange and Registration Rights Agreement, under which it has agreed to file a registration statement with the SEC to allow for the exchange of these privately placed notes for registered notes.