Charter Communications’subsidiaries, CCO Holdings and CCO Holdings Capital, are selling senior unsecured notes worth $1.5 billion. The bonds, due to mature on May 10, 2021, will bear an interest rate of 6.5% annually.
The cable operator will use the net proceeds to repay remaining term loan and revolver borrowings under its subsidiary’s credit facility as well as for general corporate purposes. UBS Securities served as the lead book-running manager for the transaction.
Click here for the release from PR Newswire.