Charter Communications has priced a $4.75 billion offering of senior secured notes through its subsidiaries. The issuance consists of four tranches: $1.75 billion of 6.050% notes due 2032 priced at 99.839% of principal, $1.0 billion of 6.600% notes due 2034 priced at 99.896%, $1.0 billion of 6.950% notes due 2036 priced at 99.937%, and $1.0 billion of 7.850% notes due 2056 priced at 99.921%. Proceeds will fund the cash consideration for the previously announced acquisition of Cox Communications and for general corporate purposes, including debt repayment. The offering is expected to close on August 18, 2026, subject to customary conditions, and is not contingent on the Cox deal closing.
Charter Communications IncPricing $4.75B in new debt increases leverage and interest costs, though proceeds fund acquisition and debt repayment.
Cox Communications is the acquisition target; the debt issuance funds its purchase, but impact on Cox is indirect.
