Charter Communications units, CCO Holdings and CCO Holdings Capital, have raised $300 million through a sale of senior notes in the 144a private placement market. The company intends to use the proceeds to pay back remaining term loan borrowings under its subsidiary’s credit facility and for general corporate purposes.
The notes, which carry a coupon rate of 7%, are due to mature on Jan. 15, 2019, adds Reuters. The initially planned size of the deal was $250 million. Deutsche Bank, Bank of America Merrill Lynch, Citigroup, Credit Suisse and UBS were the joint bookrunners on the deal.
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