Charter Communications subsidiaries plan senior secured fixed-rate notes offering
CHTR•Notes offering to fund Cox acquisition and corporate purposes
Charter Communications launched an offering of senior secured fixed rate notes through subsidiaries Charter Communications Operating, LLC and Charter Communications Operating Capital Corp.
Proceeds are earmarked to fund the cash portion of the planned acquisition of Cox Communications. Net proceeds are also targeted for general corporate purposes, including debt repayment, fees and expenses.
The transaction is not conditioned on the Cox deal closing, and the Cox deal is not conditioned on completion of the notes offering.
