Charter Closes $4.75 Billion Senior Secured Notes Offering

Rhea-AI Summary

Charter Communications (NASDAQ: CHTR) announced that subsidiaries Charter Communications Operating and Charter Communications Operating Capital Corp. have closed a $4.75 billion senior secured notes offering. The deal includes $1.75 billion of 6.050% notes due 2032, $1.0 billion of 6.600% notes due 2034, $1.0 billion of 6.950% notes due 2036, and $1.0 billion of 7.850% notes due 2056.

According to Charter, all series were issued slightly below par, between 99.839% and 99.937% of principal, under an effective automatic shelf registration statement on Form S-3. Citigroup, Morgan Stanley and Wells Fargo Securities acted as joint book-running managers.

Positive

• $4.75 billion total senior secured notes financing completed
• Laddered maturities in 2032, 2034, 2036 and 2056
• All tranches issued near par, between 99.839% and 99.937% of principal

Negative

• Additional secured debt of $4.75 billion added to capital structure
• Interest costs locked in at coupons between 6.050% and 7.850%

Market Context

The 6 August notes-pricing event registered -3.09% over 24 hours in platform history. Against that p...

Analysis

The 6 August notes-pricing event registered -3.09% over 24 hours in platform history. Against that precedent, this closing notice documents completed financing terms, while Net Selling and high short positioning remain relevant risks to monitor.

Key Figures

Aggregate principal amount: $4.75 billion 2032 Notes: $1.75 billion at 6.050%, due 2032 2034 Notes: $1.0 billion at 6.600%, due 2034 +2 more

5 metrics

Aggregate principal amount $4.75 billion Senior secured notes offering

2032 Notes $1.75 billion at 6.050%, due 2032 Senior secured notes

2034 Notes $1.0 billion at 6.600%, due 2034 Senior secured notes

2036 Notes $1.0 billion at 6.950%, due 2036 Senior secured notes

2056 Notes $1.0 billion at 7.850%, due 2056 Senior secured notes

Historical Context

5 past events · Latest: Aug 12 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Aug 12	strategic partnership	Positive	-4.7%	Expanded local news access and advertising collaboration across multiple U.S. markets
Aug 6	notes pricing	Negative	-3.1%	Charter priced $4.75 billion of senior secured notes through subsidiaries
Aug 6	debt exchange	Negative	-3.1%	Charter announced capped cash and new-note exchange offers for existing debt
Aug 6	notes offering	Negative	+2.8%	Charter announced plans to offer senior secured fixed-rate notes
Aug 6	debt exchange	Negative	+2.8%	Charter reported early tenders and increased exchange offer principal caps

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent financing-related announcements produced mixed reactions, including a 3.09% decline after notes pricing and a 2.79% increase after the initial notes offer.

Key Terms

senior secured notes, automatic shelf registration statement, form s-3, joint book-running managers

4 terms

senior secured notes financial

"closed their offering of $4.75 billion in aggregate principal amount of notes"

Senior secured notes are loans a company sells to investors that are backed by specific assets and given first priority for repayment if the company defaults. Because they have a claim on collateral and are paid before other debts, they usually offer lower risk and correspondingly lower interest than unsecured debt; investors use them to judge how safe repayment and recovery of principal might be, like holding a mortgage instead of an unsecured credit card balance.

automatic shelf registration statement regulatory

"pursuant to an effective automatic shelf registration statement on Form S-3"

An automatic shelf registration statement is a pre-approved filing that companies submit to securities regulators, allowing them to sell new shares or bonds quickly and efficiently when needed. It acts like a standing permit, enabling the company to raise money without going through a lengthy approval process each time, which can be helpful for responding promptly to market opportunities or needs. For investors, it provides transparency about the company's ability to raise funds and signals planning flexibility.

form s-3 regulatory

"registration statement on Form S-3 filed with the Securities and Exchange Commission"

Form S-3 is a legal document companies use to register their stock sales with the government, making it easier and faster for them to raise money by selling shares to investors. It’s like having a pre-approved shopping list that lets a company quickly sell new shares when they need funds, without going through a lengthy approval process each time.

joint book-running managers financial

"were Joint Book-Running Managers for the senior secured notes offering"

Joint book-running managers are the lead banks or financial firms responsible for organizing and overseeing the sale of a large financial offering, such as a company’s stock or bonds. They coordinate efforts to set the price, attract investors, and ensure the offering is successful. Their role is important to investors because they help ensure the offering is well-managed, properly priced, and accessible to a wide range of buyers.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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STAMFORD, Conn., Aug. 18, 2026 /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"), have closed their offering of $4.75 billion in aggregate principal amount of notes consisting of the following securities:

• $1.75 billion in aggregate principal amount of 6.050% Senior Secured Notes due 2032 (the "2032 Notes"). The 2032 Notes bear interest at a rate of 6.050% per annum and were issued at a price of 99.839% of the aggregate principal amount.
• $1.0 billion in aggregate principal amount of 6.600% Senior Secured Notes due 2034 (the "2034 Notes"). The 2034 Notes bear interest at a rate of 6.600% per annum and were issued at a price of 99.896% of the aggregate principal amount.
• $1.0 billion in aggregate principal amount of 6.950% Senior Secured Notes due 2036 (the "2036 Notes"). The 2036 Notes bear interest at a rate of 6.950% per annum and were issued at a price of 99.937% of the aggregate principal amount.
• $1.0 billion in aggregate principal amount of 7.850% Senior Secured Notes due 2056 (the "2056 Notes" and, together with the 2032 Notes, the 2034 Notes and the 2036 Notes, the "Notes"). The 2056 Notes bear interest at a rate of 7.850% per annum and were issued at a price of 99.921% of the aggregate principal amount.

The Notes were issued pursuant to an effective automatic shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (the "SEC").

Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC were Joint Book-Running Managers for the senior secured notes offering. The offering was made only by means of a prospectus supplement dated August 6, 2026 and the accompanying base prospectus, copies of which may be obtained on the SEC's website at www.sec.gov 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, c/o 180 Varick Street, New York, NY 10014, Attention: Prospectus Department, Telephone: (866) 718-1649, Email: Prospectus@morganstanley.com; or by contacting Wells Fargo Securities, LLC, c/o 608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402, Attention: WFS Customer Service, Email: wfscustomerservice@wellsfargo.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 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 with services available to nearly 59 million homes and small to large businesses across 41 states through its Spectrum brand. Founded in 1993, Charter has evolved from providing cable TV to streaming, and from high-speed Internet to a converged broadband, WiFi and mobile experience. Over the Spectrum Fiber Broadband Network and supported by our 100% U.S.-based employees, the Company offers Seamless Connectivity and Entertainment with Spectrum Internet^®, Mobile, TV and Voice products.

More information about Charter can be found at corporate.charter.com.

 

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SOURCE Charter Communications, Inc.

FAQ

What did Charter Communications (CHTR) announce about its senior secured notes on August 18, 2026?

Charter Communications announced closing a $4.75 billion senior secured notes offering. According to Charter, the financing comprises four tranches of notes with staggered maturities between 2032 and 2056, issued under an automatic shelf registration statement on Form S-3.

What are the interest rates and maturities of the new CHTR senior secured notes?

The new notes carry coupons of 6.050% due 2032, 6.600% due 2034, 6.950% due 2036 and 7.850% due 2056. According to Charter, this structure staggers debt maturities over a 24-year period from 2032 to 2056.

How much did each tranche of Charter Communications (CHTR) notes raise in the 2026 offering?

Charter raised $1.75 billion of 2032 notes, $1.0 billion of 2034 notes, $1.0 billion of 2036 notes, and $1.0 billion of 2056 notes. According to Charter, these four tranches together total $4.75 billion in aggregate principal amount of senior secured notes.

At what prices relative to par were the new CHTR senior secured notes issued?

The notes were issued slightly below par, between 99.839% and 99.937% of principal, with the 2056 notes at 99.921%. According to Charter, all tranches were priced just under 100% of their aggregate principal amounts.

Under which SEC registration did Charter Communications (CHTR) issue the new senior secured notes?

The notes were issued under an effective automatic shelf registration statement on Form S-3 filed with the SEC. According to Charter, the offering was conducted via a prospectus supplement dated August 6, 2026 and an accompanying base prospectus.

Who were the joint book-running managers for the 2026 Charter Communications (CHTR) notes offering?

Citigroup Global Markets, Morgan Stanley & Co. and Wells Fargo Securities acted as joint book-running managers. According to Charter, these firms managed the senior secured notes offering made pursuant to the SEC-registered prospectus and prospectus supplement.