Charter Offers Senior Secured Notes
Rhea-AI Summary
Charter Communications (NASDAQ: CHTR) has announced its intention to offer senior secured fixed rate notes through its subsidiaries Charter Communications Operating, LLC and Charter Communications Operating Capital Corp. The proceeds will be used for three main purposes: repaying existing debt (including the 6.150% Senior Secured Notes due 2026), funding potential buybacks of Charter Class A common stock and Charter Communication Holdings LLC common units, and covering related expenses.
The offering will be conducted through an automatic shelf registration statement on Form S-3, with Citigroup Global Markets, J.P. Morgan Securities, and Morgan Stanley serving as Joint Book-Running Managers. The sale will be made via a prospectus supplement dated August 18, 2025, and the accompanying base prospectus.
Positive
- Potential stock buyback program indicates confidence in company value
- Debt refinancing opportunity could improve financial structure
- Strong backing from major financial institutions as book-running managers
Negative
- Increased debt load through new notes offering
- Potential impact on company's leverage ratios
- Use of proceeds for buybacks rather than growth initiatives
News Market Reaction 1 Alert
On the day this news was published, CHTR declined 0.37%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
The Issuers intend to use the net proceeds from this offering for general corporate purposes, including to repay certain indebtedness, including the Issuer's
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.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC 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 August 18, 2025 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 Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
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. The intended redemption of the 2026 Notes will be made solely pursuant to a notice of redemption that will be delivered pursuant to the indenture governing the 2026 Notes, and nothing contained in this news release constitutes a notice of redemption of the 2026 Notes.
About Charter
Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company and cable operator with services available to more than 57 million homes and businesses in 41 states through its Spectrum brand. Over an advanced communications network, supported by a
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.
FAQ
What is the purpose of Charter Communications' (CHTR) new notes offering in August 2025?
Who are the joint book-running managers for Charter's (CHTR) notes offering?
How will Charter Communications (CHTR) use the proceeds from the notes offering?
What type of registration statement is Charter (CHTR) using for this notes offering?
How can investors access the prospectus for Charter's (CHTR) notes offering?
