Charter Communications, Inc. (NASDAQ: CHTR) has announced that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp., intend to offer USD 1.0 billion in aggregate principal amount of senior unsecured notes due 2028, the company said.
Charter intends to use the net proceeds from the sale of the Notes to pay related fees and expenses and for general corporate purposes, including buybacks of the Class A common stock of Charter or common units of Charter Communications Holdings, LLC.
Charter is a broadband communications company and the second largest cable operator in the United States. Charter provides a full range of advanced broadband services, including Spectrum TVâ¢ video entertainment programming, Spectrum Internetâ¢ access, and Spectrum Voiceâ¢. Spectrum Businessâ¢ 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. Charter´s advertising sales and production services are sold under the Spectrum Reachâ¢ brand.