Charter Communications, Inc. (NASDAQ: CHTR) subsidiaries CCO Holdings, LLC and CCO Holdings Capital Corp. intend to offer USD 1.0bn in aggregate principal amount of senior unsecured notes due 2027, the company said.
Charter intends to use the net proceeds from the sale of the Notes to repurchase the Issuers´ outstanding 6.625% Senior Notes due 2022, to pay related fees and expenses and for general corporate purposes.
Charter is a leading broadband communications company and the second largest cable operator in the United States. Charter provides a full range of advanced broadband services, including Spectrum TV video entertainment programming, Spectrum Internet access, and Spectrum Voice. Spectrum Business similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.