Charter Prices $4.75 Billion Senior Secured Notes

Charter Communications (NASDAQ: CHTR) priced $4.75 billion of senior secured notes through subsidiaries Charter Communications Operating and Charter Communications Operating Capital.

Rhea-AI Summary

Charter Communications (NASDAQ: CHTR) priced $4.75 billion of senior secured notes through subsidiaries Charter Communications Operating and Charter Communications Operating Capital. The issuance includes $1.75 billion of 2032 notes at 6.050%, $1.0 billion of 2034 notes at 6.600%, $1.0 billion of 2036 notes at 6.950% and $1.0 billion of 2056 notes at 7.850%, each issued slightly below par.

According to Charter, net proceeds are intended to fund the cash consideration for the previously announced Cox Communications acquisition and for general corporate purposes, including debt repayment and related fees. Closing of the notes offering is expected on August 18, 2026, subject to customary conditions, and is not conditioned on closing of the Cox transactions.

Positive

• Raises $4.75 billion in senior secured debt financing
• Multiple staggered maturities out to 2056
• Proceeds earmarked to fund Cox Communications acquisition cash consideration
• Portion of proceeds allocated to repay certain existing indebtedness

Negative

• Adds $4.75 billion in new senior secured debt
• Coupon rates up to 7.850% increase interest expense
• Notes issued below par, implying higher effective borrowing cost

News Explained

Charter’s subsidiaries have priced and sold $4.75 billion of notes, rather than shares, so the disclosed instrument does not establish ownership dilution under the supplied definition; closing remains expected on August 18, 2026, subject to conditions.

Argus Aug 7 session 1 alert

-3.09% close to close 0.6x rel. volume Open Argus

Details

News Market Reaction – CHTR

$18.78B Market Cap

On Aug 7, the first trading day after this news, CHTR closed 3.09% below the previous close.

Data tracked by StockTitan Argus for the Aug 7 session.

Key Figures

Aggregate principal amount: $4.75 billion 2032 Notes: $1.75 billion; 6.050% interest; 99.839% issue price 2034 Notes: $1.0 billion; 6.600% interest; 99.896% issue price +3 more

Aggregate principal amount

$4.75 billion

Senior secured notes offering

2032 Notes

$1.75 billion; 6.050% interest; 99.839% issue price

Senior secured notes due 2032

2034 Notes

$1.0 billion; 6.600% interest; 99.896% issue price

Senior secured notes due 2034

2036 Notes

$1.0 billion; 6.950% interest; 99.937% issue price

Senior secured notes due 2036

2056 Notes

$1.0 billion; 7.850% interest; 99.921% issue price

Senior secured notes due 2056

Expected closing date

August 18, 2026

Offering close subject to customary conditions

Historical Context

5 past events · Latest: Aug 06

5 events

1. Aug 06

   Senior notes offering

   24h Move

   +2.8%

   Charter announced intended proceeds for Cox acquisition funding and general corporate purposes.

2. Aug 06

   Debt exchange amendment

   24h Move

   +2.8%

   Charter increased exchange caps and reported early tenders across two note pools.

3. Jul 24

   Second-quarter earnings

   24h Move

   -2.5%

   Revenue, adjusted EBITDA, free cash flow, and Internet customers declined year over year.

4. Jul 23

   Debt exchange offers

   24h Move

   -2.5%

   Charter launched private exchanges involving cash consideration and new senior secured notes.

5. Jul 22

   Mobile plan launch

   24h Move

   +1.1%

   Spectrum Mobile introduced a premium wireless plan with expanded data and upgrade benefits.

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

Key Terms

senior secured notes, automatic shelf registration, form s-3, prospectus supplement

4 terms

senior secured notes financial

"priced $4.75 billion in aggregate principal amount of notes consisting of the following securities"

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 regulatory

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

Automatic shelf registration is a process that allows companies to register securities with regulators in advance, so they can sell new shares or bonds quickly whenever market conditions are favorable. For investors, this means companies can raise money more efficiently, often leading to more timely investment opportunities. It helps ensure that companies can respond swiftly to financing needs without lengthy approval delays.

form s-3 regulatory

"effective automatic shelf 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.

prospectus supplement regulatory

"made only by means of a prospectus supplement dated August 6, 2026"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

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

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STAMFORD, Conn., Aug. 6, 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 priced $4.75 billion in aggregate principal amount of notes consisting of the following securities:

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

The Issuers intend to use the net proceeds from this offering to pay the cash consideration of the previously announced acquisition of Cox Communications, Inc. (the "Cox Transactions") and for general corporate purposes, including to repay certain indebtedness and to pay related fees and expenses. This offering is not conditioned on the closing of the Cox Transactions and the closing of the Cox Transactions is not conditioned on the consummation of this offering. Charter expects to close the offering of the Notes on August 18, 2026, subject to customary closing conditions.

The offering and sale of the Notes were made 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, 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, 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 press 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 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.

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," "future," "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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Charter Communications (NASDAQ: CHTR) announce about its $4.75 billion senior secured notes?

Charter announced pricing of $4.75 billion in senior secured notes across four maturities. According to Charter, the notes are due in 2032, 2034, 2036 and 2056, with coupons between 6.050% and 7.850%, and are issued slightly below par.

How will Charter (CHTR) use proceeds from the August 2026 senior secured notes offering?

Charter intends to use net proceeds primarily to pay cash consideration for its previously announced Cox Communications acquisition. According to Charter, remaining funds will support general corporate purposes, including repaying certain indebtedness and paying related fees and expenses.

What are the interest rates and maturities of Charter’s new CHTR senior secured notes priced on August 6, 2026?

The offering includes 2032 notes at 6.050%, 2034 notes at 6.600%, 2036 notes at 6.950% and 2056 notes at 7.850%. According to Charter, total principal is $4.75 billion, with each tranche issued at just under 100% of par.

When is the expected closing date for Charter’s $4.75 billion CHTR notes offering?

Charter expects the notes offering to close on August 18, 2026, subject to customary closing conditions. According to Charter, the offering is not conditioned on closing of the Cox Communications transactions, and those transactions are not conditioned on this offering.

Is Charter’s $4.75 billion senior secured notes offering tied to the Cox Communications acquisition?

The proceeds are intended in part to fund Cox Communications acquisition cash consideration, but the transactions are not mutually conditional. According to Charter, the notes offering does not depend on the Cox closing, and the Cox closing does not depend on this offering.

Under what registration did Charter (CHTR) issue its August 2026 senior secured notes?

The notes were offered and sold under an effective automatic shelf registration statement on Form S-3 filed with the SEC. According to Charter, the securities were offered only by means of a prospectus supplement and accompanying base prospectus.