$1.0 billionin aggregate principal amount of senior secured notes due 2032 (the “2032 Notes”). The 2032 Notes will bear interest at a rate of 2.300% per annum and will be issued at a price of 99.786% of the aggregate principal amount. $650 millionin aggregate principal amount of senior secured notes due 2051 (the “2051 Notes”). The 2051 Notes will form a part of the same series as the Issuers’ senior secured notes due 2051 issued on April 17, 2020, which bear interest at a rate of 3.700% per annum. The 2051 Notes will be issued at a price of 100.791% of the aggregate principal amount. $1.35 billionin aggregate principal amount of senior secured notes due 2061 (the “2061 Notes,” and together with the 2032 Notes and 2051 Notes, the “Notes”). The 2061 Notes will bear interest at a rate of 3.850% per annum and will be issued at a price of 99.882% of the aggregate principal amount.
Charter intends to use the net proceeds from the sale of the Notes for general corporate purposes, including to fund potential buybacks of Class A common stock of Charter or common units of
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 “
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.
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, sports and high-quality original programming to its customers through Spectrum Networks and Spectrum Originals. 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, our plans, strategies and prospects, both business and financial. 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,” “focused on” and “potential,” among others.
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Media: Justin Venech, 203-905-7818; Analysts:Stefan Anninger, 203-905-7955