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Charter Announces Tender Offers for Eight Series of Notes

CHTR
  • Charter Communications Inc. announced eight separate cash offers to purchase outstanding notes issued by its subsidiaries CCO & CCO Capital.
  • The total maximum consideration for all offers is capped at $1.5 billion.
  • The offers utilize a "waterfall" acceptance methodology prioritizing notes by level, where Level 1 is highest & Level 8 is lowest.
  • If the aggregate consideration exceeds the $1.5 billion cap, notes will be accepted starting from the highest priority level down to lower levels.
  • Notes at the prorated priority level may be increased by no more than 2% of the outstanding amount of that series without amending the offers.
  • The offers cover eight specific series of Senior Secured Notes with maturities ranging from 2041 to 2062 & principal amounts totaling over $12 billion as of September 30, 2026.
  • Each note series' consideration price is based on the yield of a referenced U.S. Treasury security plus a fixed spread in basis points.
  • The offers expire at 5:00 p.m. (New York City time) on November 17, 2026, unless extended or terminated.
  • The expected settlement date is November 19, 2026, which is the second business day following the expiration date.
  • Holders will receive cash consideration plus accrued unpaid interest on accepted notes.
  • Lead Dealer Managers for the offers include BofA Securities, J.P. Morgan, & Morgan Stanley.
  • D.F. King & Co., Inc. acts as the Information Agent & Tender Agent for the transactions.
Company
Charter Communications, Inc.
Keywords
Charter Communications, Inc.