Summary
Charter Communications, Inc. (CHTR) announced through its indirect subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp., the completion of a private placement of $500 million in aggregate principal amount of 8.75% senior notes. This transaction, finalized on November 10, 2003, was previously disclosed on November 3, 2003. The proceeds from this issuance are earmarked for repaying outstanding principal amounts under Charter's subsidiaries' bank credit facilities and for general corporate purposes. It is important for investors to note that these notes were not registered under the Securities Act of 1933. Their offering and sale in the United States are subject to exemptions from, or transactions not requiring, the registration requirements of the Securities Act and applicable state securities laws. This filing also includes several exhibits detailing the indenture, exchange and registration rights agreement, and purchase agreement associated with these notes, as well as a press release.
Key Highlights
- 1Charter Communications' subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp., completed a private placement of $500 million in 8.75% senior notes.
- 2The notes were issued on November 10, 2003.
- 3Proceeds from the note issuance will be used to repay outstanding bank credit facilities and for general corporate purposes.
- 4The notes are not registered under the Securities Act of 1933 and are subject to specific offering and sale restrictions in the U.S.
- 5The filing includes key documents such as the Indenture, Exchange and Registration Rights Agreement, and Purchase Agreement.
- 6A press release dated November 10, 2003, is also filed as an exhibit.