Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for CCO Holdings LLC > News item |
Charter talks $1 billion tap of 4½% notes due 2032 at 103-103.25
By Paul A. Harris
Portland, Ore., Oct. 7 – Charter Communications, Inc. announced a $1 billion fungible add-on to the CCO Holdings LLC/CCO Holdings Capital Corp. 4½% senior notes due May 1, 2032 (existing ratings B1/BB/BB+), according to market sources.
Early guidance is 103 to 103.25.
Deutsche Bank Securities Inc. is leading the Rule 144A and Regulation S deal.
The notes become callable on May 1, 2026 at 102.25.
The Stamford, Conn.-based telecommunications and mass media company plans to use the proceeds for general corporate purposes, including debt repayment, as well as to fund potential buybacks of class A common stock of Charter or common units of Charter Communications Holdings, LLC.
The original $1.4 billion issue priced in March 2020.
© 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.