Charter Prices $3B Senior Secured Notes, $1.5B Due 2029, $1.5B Due 2034
Portfolio Pulse from Benzinga Newsdesk
Charter Communications, Inc. (CHTR) and its subsidiaries have successfully priced a total of $3.0 billion in Senior Secured Notes, divided equally into two tranches: $1.5 billion due in 2029 at a 6.100% interest rate, and $1.5 billion due in 2034 at a 6.550% interest rate. The notes were issued slightly below par value.

May 09, 2024 | 10:34 pm
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Charter Communications, Inc. has priced $3.0 billion in Senior Secured Notes, aiming to strengthen its financial structure with favorable interest rates.
The successful pricing of these notes indicates a strong market confidence in Charter Communications and its future financial health. The issuance of these notes at favorable interest rates, albeit slightly below par value, suggests a strategic move to optimize its capital structure and manage its long-term debt more efficiently. This could be viewed positively by investors as it demonstrates proactive financial management and could lead to a short-term positive impact on CHTR's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100