Charter Communications announced the expiration and final results of its private debt exchange offers, with $84,396,000 of Pool 1 Notes and $60,651,000 of Pool 2 Notes validly tendered after the Early Tender Date. The Pool 1 Notes tendered represent 0.8% of outstanding Pool 1 Notes, while the Pool 2 Notes tendered represent 0.6% of outstanding Pool 2 Notes. Final settlement is expected on August 24, 2026, after which Charter will have exchanged $2,749,089,000 in aggregate principal amount of Pool 1 Notes for New 2038 Notes and cash, and $2,750,000,000 in aggregate principal amount of Pool 2 Notes for New 2041 Notes and cash. The exchange offers are capped at $2,000,000,000 of New 2038 Notes and $2,000,000,000 of New 2041 Notes, with a sub-cap of $614,423,000 on the 4.500% senior debentures due 2042. Barclays Capital, Citigroup Global Markets, and Morgan Stanley served as joint lead dealer managers.
Barclays PLC
Morgan StanleyCharter Communications IncCompleted debt exchange, extending maturities and reducing near-term obligations.
Citigroup Inc.