Charter subsidiaries close on USD1.5bn senior unsecured notes

Charter Communications, Inc. (NASDAQ: CHTR) subsidiaries CCO Holdings, LLC and CCO Holdings Capital Corp. have closed on the sale of USD1.5 billion of senior unsecured notes due 2026 (the “New Notes”), consisting of USD1.2 billion aggregate principal amount which priced on April 7, 2016 (the “Initial Notes”) and USD300 million aggregate principal amount which priced on April 14, 2016 (the “Add-On Notes”), the company said.

The Initial Notes were issued at par and the Add-On Notes were issued at a price of 100.375 percent of the aggregate principal. The New Notes bear interest at a rate of 5.500 percent per annum.

Charter provides 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.