Charter finalizes issue price on term loans E and F repricing at par

By Sara Rosenberg

New York, Jan. 13 – Charter Communications Inc. firmed the issue price on its $1,448,000,000 term loan E due 2020 and $1,158,000,000 term loan F due 2021 at par, the tight end of the 99.875 to par talk, according to a market source.

Both loans are priced at Libor plus 200 basis points with no Libor floor.

Bank of America Merrill Lynch is the left lead bank on the deal.

Proceeds will be used to reprice the company’s existing term loan E and term loan F down from Libor plus 225 bps with a 0.75% Libor floor.

Charter is a Stamford, Conn.-based broadband communications company and cable operator.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.