CHTR · News · 20260806N

Long-term Debt Issuance

CHARTER COMMUNICATIONS, INC. /MO/ · 2026-08-06 · Importance 64 · Surprise 42 · In source text

Charter subsidiaries priced $4.75 billion of senior secured notes on August 6, 2026, with varying interest rates and maturities. Net proceeds are intended to fund Charter’s acquisition of Cox Communications and general corporate purposes, including debt repayment. Separately, Charter amended and upsized debt exchange offers involving seven Pool 1 note series and five Pool 2 note series, including new 2038 notes capped at $2.0 billion and new 2041 notes. The senior secured notes offering is expected to close on August 18, 2026, increasing financing flexibility while supporting the Cox transaction and refinancing activity.

Key facts

• Charter's subsidiaries, Charter Communications Operating, LLC and Charter Communications Operating Capital Corp., have priced $4.75 billion in aggregate principal amount of senior secured notes with varying interest rates and due dates. source
• The New 2038 Notes would be issued in an aggregate principal amount not greater than $2,000,000,000 (the "New 2038 Notes Cap"). source
• The senior secured notes offering is expected to close on August 18, 2026. source
• The Pool 1 Offer would exchange seven series of notes issued by the CCO Issuers or the TWC Issuer for a combination of cash consideration and a new series of Senior Secured Notes due 2038 (the "New 2038 Notes"). source
• The Pool 2 Offer would exchange five series of notes for a combination of cash and a new series of Senior Secured Notes due 2041 (the "New 2041 Notes"). source
• The Issuers (Charter Communications Operating, LLC and Charter Communications Operating Capital Corp.) intend to offer senior secured fixed rate notes. source

Impact estimates