Charter prices debt exchange offers with up to $2 billion new 2038 notes, $2 billion new 2041 notes
CHTR•Charter prices debt exchange offers
Charter priced private exchange offers for 12 series of existing notes, issuing new Senior Secured Notes due 2038 or 2041 capped at USD 2 billion each.
- New 2038 Notes were set at a 7.09% yield; New 2041 Notes were set at a 7.34% yield; both were priced at 1,000.
- Consideration mixes cash with new notes; cash components range from USD 0 to USD 305 per USD 1,000 tendered.
- Settlement is expected Aug. 12; offers expire Aug. 20; tenders after Aug. 5 are largely irrevocable.
