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Prospect News home > News index > List of issuers C > Headlines for Charter Communications, Inc. > News item |
Charter to redeem Time Warner Cable’s 6.75% notes via new deal
New York, April 3 – Charter Communications, Inc. plans to repurchase or redeem Time Warner Cable’s $2 billion of 6.75% notes due 2018 using proceeds from an offering of senior secured notes due 2038 and senior secured notes due 2048, according to a news release.
Remaining proceeds will be used to pay fees and expenses and for general corporate purposes.
Charter is a Stamford, Conn., broadband communications provider.
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