STAMFORD, Conn., May 9, 2024
/PRNewswire/ -- 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"), intend to offer senior secured
fixed rate notes (the "Notes").
The Issuers intend to use the net proceeds from the sale of the
Notes to prepay borrowings outstanding under CCO's existing
senior secured term loan B-1 facility (including accrued but unpaid
interest related thereto), to fund an offer to purchase for cash a
portion of the Issuers' outstanding 4.908% senior secured notes due
2025, and for general corporate purposes, including, to fund
potential buybacks of Class A common stock of Charter and common
units of Charter Communications Holdings, LLC and to pay related
fees and expenses.
The offering and sale of the Notes will be made pursuant to an
effective automatic shelf registration statement on Form S-3 filed
with the Securities and Exchange Commission (the "SEC"). The
offering is subject to, among other things, market conditions.
Barclays Capital Inc., Citigroup Global Markets Inc. and
Morgan Stanley & Co. LLC will act as Joint Book-Running
Managers for the senior secured notes offering. The offering will
be made only by means of a prospectus supplement dated May 9, 2024 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 Barclays Capital Inc.,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, by telephone:
1-888-603-5847 or by emailing: barclaysprospectus@broadridge.com,
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 Morgan Stanley &
Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, NY 10014; E-mail:
prospectus@morganstanley.com.
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.
About Charter
Charter Communications, Inc. (NASDAQ: CHTR) is a leading
broadband connectivity company and cable operator serving more than
32 million customers in 41 states through its Spectrum brand. Over
an advanced communications network, the Company offers a full range
of state-of-the-art residential and business services including
Spectrum Internet®, TV, Mobile and Voice.
For small and medium-sized companies, Spectrum
Business® delivers the same suite of broadband products
and services coupled with special features and applications to
enhance productivity, while for larger businesses and government
entities, Spectrum Enterprise® provides highly
customized, fiber-based solutions. Spectrum Reach®
delivers tailored advertising and production for the modern media
landscape. The Company also distributes award-winning news coverage
and sports programming to its customers through Spectrum Networks.
More information about Charter can be found at
corporate.charter.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
This communication includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, regarding, among other things, the potential
offering. Although we believe that our plans, intentions and
expectations as reflected in or suggested by these forward-looking
statements are reasonable, we cannot assure you that we will
achieve or realize these plans, intentions or expectations.
Forward-looking statements are inherently subject to risks,
uncertainties and assumptions including, without limitation, the
factors described under "Risk Factors" from time to time in our
filings with the SEC. Many of the forward-looking statements
contained in this communication may be identified by the use of
forward-looking words such as "believe," "expect," "anticipate,"
"should," "planned," "will," "may," "intend," "estimated," "aim,"
"on track," "target," "opportunity," "tentative," "positioning,"
"designed," "create," "predict," "project," "initiatives," "seek,"
"would," "could," "continue," "ongoing," "upside," "increases,"
"grow," "focused on" and "potential," among others.
All forward-looking statements attributable to us or any person
acting on our behalf are expressly qualified in their entirety by
this cautionary statement. We are under no duty or obligation
to update any of the forward-looking statements after the date of
this communication.
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SOURCE Charter Communications, Inc.