Charter Communications has launched private exchange offers for 12 series of existing notes as part of a debt refinancing. The company plans to issue up to $1.75 billion of new senior secured notes due 2038 and up to $1.75 billion of new senior secured notes due 2041, for a combined cap of $3.5 billion. Eligible holders will receive a mix of cash and new notes, with an early exchange premium for tenders submitted by August 5, 2026. The offers cover notes issued by Charter Communications Operating and Time Warner Cable, with acceptance based on priority levels and issuance caps. The 2038 and 2041 notes will be priced at spreads of 245 basis points and 270 basis points over the benchmark U.S. Treasury, respectively. The exchange offers expire on August 20, 2026, with final settlement expected on August 24, 2026, and are available only to eligible institutional and certain non-U.S. investors.
Charter Communications IncDebt refinancing and exchange offer to manage liabilities and extend maturities.