
Charter Announces Expiration And Final Results Of Debt Exchange Offers
PRNewsWire
Published: Aug 21, 2026, 02:03 AM
Sentiment Analysis
Charter Communications, Inc. (NASDAQ: CHTR ) (along with its subsidiaries, "Charter") today announced the expiration and final results of the previously announced (i) private offer by its wholly-owned subsidiaries, Charter Communications Operating, LLC ("CCO"), Charter Communications Operating Capital Corp. ("CCO Capital" and, together with CCO, collectively, the "CCO Issuers" or the "Company") and Time Warner Cable, LLC (the "TWC Issuer" and, together with CCO Issuers, the "Old Notes Issuers"), as applicable, to exchange (the "Pool 1 Offer") seven series of notes issued by the CCO Issuers or the TWC Issuer, as applicable (collectively, the "Pool 1 Notes"), for a combination of cash consideration and a new series of Senior Secured Notes due 2038 (the "New 2038 Notes") to be issued by the CCO Issuers and (ii) private offer by the CCO Issuers to exchange (the "Pool 2 Offer" and, together with the Pool 1 Offer, the "Exchange Offers") five series of notes (collectively, the "Pool 2 Notes" and, together with the Pool 1 Notes, the "Old Notes" and each series of Old Notes, a "series of Old Notes") for a combination of cash and a new series of Senior Secured Notes due 2041 (the "New 2041 Notes" and, together with the New 2038 Notes, the "New Notes" and each series of New Notes, a "series of New Notes") to be issued by the CCO Issuers.
As of 5:00 p.m., New York City time, on August 20, 2026 (the "Expiration Date"), according to information provided by D.F. King & Co., Inc., the exchange agent and the information agent for the Exchange Offers, the aggregate principal amount of $84,396,000 of Pool 1 Notes had been validly tendered and not withdrawn in the Pool 1 Offer after the Early Tender Date (as defined below) but on or prior to the Expiration Date, representing 0.8% of the outstanding Pool 1 Notes, and the aggregate principal amount of $60,651,000 of Pool 2 Notes had been validly tendered and not withdrawn in the Pool 2 Offer after the Early Tender Date but on or prior to the Expiration Date, representing 0.6% of the outstanding Pool 2 Notes, each as detailed below.
Pool 1 Notes Issuer(s) Title of Security Aggregate Principal Amount Outstanding CUSIP No./ ISIN (1) Acceptance Priority Level (2) Sub-Cap (2) Principal Amount Tendered CCO Issuers 3.500% senior secured notes due 2042 $1,236,000,000 161175CE2 / US161175CE27 1 N/A $15,633,000 3.500% senior secured notes due 2041 $1,479,000,000 161175BZ6 / US161175BZ64 2 N/A $22,770,000 TWC Issuer 4.500% senior debentures due 2042 $1,250,000,000 88732JBD9 / US88732JBD90 3 $614,423,000 $0 CCO Issuers 5.375% senior secured notes due 2047 $2,265,000,000 161175BL7 / US161175BL78 161175BD5 / US161175BD52 4 N/A $31,422,000 2.300% senior secured notes due 2032 $1,000,000,000 161175BX1 / US161175BX17 5 N/A $10,345,000 2.800% senior secured notes due 2031 $1,590,000,000 161175BU7 / US161175BU77 6 N/A $626,000 2.250% senior secured notes due 2029 $1,250,000,000 161175CD4 / US161175CD44 7 N/A $3,600,000
___________________ (1) No representation is made as to the correctness or accuracy of the CUSIP or ISIN numbers listed in the Offering Memorandum (as defined below). Such CUSIP and ISIN numbers are provided solely for the convenience of the holders of Pool 1 Notes. (2) Subject to the New 2038 Notes Cap (as defined below) and, solely with respect to the 4.500% senior debentures due 2042 issued by the TWC Issuer (the "4.500% Notes"), the 4.500% Notes Sub-Cap (as defined below) and proration, the principal amount of each series of Pool 1 Notes that is accepted for exchange in the Pool 1 Offer will be determined in accordance with the applicable Acceptance Priority Level (in numerical priority order with 1 being the highest Acceptance Priority Level and 7 being the lowest) specified in this column. Pool 2 Notes Issuer(s) Title of Security Aggregate Principal Amount Outstanding CUSIP No./ ISIN (1) Acceptance Priority Level (2) Sub-Cap Principal Amount Tendered...
Source: PRNewsWire
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