Cox Communications Announces Final Settlement of Cash Tender Offers

Cox Communications, Inc. (“Cox”), a wholly owned subsidiary of Cox Enterprises, Inc., has announced the final results and final settlement of its previously announced cash tender offers to purchase (i) any and all of its outstanding 6.850% Notes due 2018, 6.250% Notes due 2018 and 9.375% Notes due 2019 (such notes, collectively, the “Any and All Notes” and, such offers, the “Any and All Offers”) and (ii) its outstanding 8.375% Notes due 2039, 6.950% Notes due 2038, 6.450% Notes due 2036, 6.950% Notes due 2028 and 6.800% Notes due 2028, subject to certain previously announced caps (such notes, collectively, the “Waterfall Notes” and, such offers, the “Waterfall Offers,” and, together with the Any and All Offers, the “Offers”), the company said.

The terms and conditions of the Any and All Offers were set forth in the related Offer to Purchase dated July 24, 2017 (the “Any and All Offer to Purchase”) and the related Letter of Transmittal dated July 24, 2017 (the “Any and All Letter of Transmittal”). The terms and conditions of the Waterfall Offers were set forth in the related Offer to Purchase dated July 24, 2017 (as amended by Cox´s press release dated August 7, 2017 announcing certain amendments thereto, the “Waterfall Offer to Purchase”) and the related Letter of Transmittal dated July 24, 2017 (as amended by Cox´s press release dated August 7, 2017 announcing certain amendments thereto, the “Waterfall Letter of Transmittal”).

The Any and All Offers expired at 11:59 p.m., New York City time, on August 18, 2017 (the “Any and All Expiration Date”). The aggregate principal amount of each series of Any and All Notes validly tendered and not validly withdrawn in the Any and All Offers after 5:00 p.m., New York City time, on August 4, 2017 (the “Any and All Early Tender Deadline”) and at or prior to the Any and All Expiration Date, as reported by the Tender Agent and Information Agent, is set forth in the column entitled “Aggregate Principal Amount Tendered After Early Tender Deadline” in the table below. On August 8, 2017, Cox accepted for purchase the Any and All Notes validly tendered and not validly withdrawn in the Any and All Offers at or prior to the Any and All Early Tender Deadline. On August 21, 2017, Cox accepted for purchase the Any and All Notes validly tendered and not validly withdrawn after the Any and All Early Tender Deadline and at or prior to the Any and All Expiration Date.

The Waterfall Offers expired at 11:59 p.m., New York City time, on August 18, 2017 (the “Waterfall Expiration Date”). No additional Waterfall Notes were validly tendered in the Waterfall Offers after 5:00 p.m., New York City time, on August 4, 2017 (the “Waterfall Early Tender Deadline”).

J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC acted as Dealer Managers (collectively, the “Dealer Managers”) and D.F. King & Co., Inc. acted as the Tender Agent and Information Agent for the Offers.

Cox is a broadband communications and entertainment company, providing advanced digital video, Internet, telephone and home security and automation services over its own nationwide IP network. The third-largest US cable company, Cox serves approximately 6 million residences and businesses. Cox Business is a facilities-based provider of voice, video and data solutions for commercial customers, and Cox Media is a full-service provider of national and local cable spot and digital media advertising. Cox is known for its pioneering efforts in broadband, voice and commercial services, industry- customer care and its outstanding workplaces. For nine years, Cox has been recognized as the top operator for women by Women in Cable Telecommunications; Cox has ranked among DiversityInc´s Top 50 companies for Diversity 12 times.