Charter Communications to redeem its 15% PIK preferreds on April 16

By Susanna Moon

Chicago, April 1 - Charter Communications Operating LLC said it will redeem its series A 15% payment-in-kind preferred stock on April 16.

Charter said it will redeem all 5,520,001 preferreds.

The redemption payment will be $25.948 per share for a total redemption amount of about $143.2 million, which will be funded by cash held at Charter Communications, Inc.

Charter is a St. Louis-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.