Charter Communications, Inc. (NASDAQ: CHTR) said that its subsidiary, CCOH Safari, LLC, has priced USD2.5 billion of senior unsecured notes due 2026.
The notes will bear an interest rate of 5.750 percent per annum and will be issued at a price of 100.0 percent of the aggregate principal amount of USD2.5 billion.
Charter said it intends to use the net proceeds to partially finance its previously announced transactions with Time Warner Cable Inc. (NYSE: TWC) and Bright House Networks, LLC.
Charter expects to close the offering on November 20, 2015, subject to customary closing conditions.
Charter is a leading broadband communications company and the fourth-largest cable operator in the United States.