Charter subsidiaries close USD1.7bn senior unsecured notes

Charter Communications, Inc. (NASDAQ: CHTR) subsidiaries CCO Holdings LLC and CCO Holdings Capital Corp. have closed on the sale of USD1.7 billion of senior unsecured notes due 2024, the company said.

The new notes were issued at par and bear an interest rate of 5.875 percent per annum.

The new notes were sold to qualified institutional buyers in reliance on Rule 144A and outside the United States to non-US persons in reliance on Regulation S.

Charter is a leading broadband communications company and the fourth-largest cable operator in the United States. Charter provides advanced broadband services, including Spectrum TVâ„¢ video entertainment programming, Spectrum Internetâ„¢ access, and Spectrum Voiceâ„¢.