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CHARTER COMMUNICATIONS, INC. /MO/ 8-K Report, Corporate Update (Mar 9, 2017)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed March 9, 2017
Period End
March 9, 2017
Security
CHTR
In the record · 2016–202610-K1110-Q328-K179

CHTR filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 179 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Jul ’18Jul ’18
  2. Material agreement8-K · Jul ’20Jul ’20
  3. Leadership change8-K · Sep ’22Sep ’22
  4. Leadership change8-K · Aug ’26Aug ’26

01—Abstract

Summary

Summary of the 8-K filed March 9, 2017. Cited figures are marked; the original filing is the authoritative source.

Charter Communications, Inc. (CHTR) announced on March 9, 2017, that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp., plan to offer $1.0 billiona in aggregate principal amount of senior unsecured notes due 2027.

This offering is intended to refinance existing debt and for general corporate purposes. Specifically, Charter aims to use the net proceeds to repurchase its outstanding 5.850%b senior notes due 2017, along with associated fees and expenses. The offering is being conducted through Rule 144A for qualified institutional buyers in the U.S. and Regulation S for non-U.S. persons.

The company is also filing unaudited pro forma financial information for CCO Holdings, LLC for the year ended December 31, 2016, reflecting these transactions. Investors should note that this is a preliminary announcement and the offering is subject to market conditions.

02—Key points

Key Highlights

  1. Charter Communications announces plans to offer $1.0 billion in senior unsecured notes due 2027.
  2. Proceeds will be used to repurchase outstanding 5.850% senior notes due 2017.
  3. The offering is subject to market conditions.
  4. Notes will be offered to qualified institutional buyers (Rule 144A) and non-U.S. persons (Regulation S).
  5. Unaudited pro forma financial information for CCO Holdings, LLC for FY 2016 is being filed.
  6. The company emphasizes that this report is not an offer to sell or a solicitation to buy securities.

03—Questions

Frequently Asked Questions

  1. What is the main purpose of the $1.0 billion senior unsecured notes offering?

    The primary purpose of the offering is to refinance Charter's existing debt. Specifically, Charter intends to use the net proceeds to repurchase its outstanding 5.850% senior notes due 2017, along with related fees and expenses, and for general corporate purposes.

  2. Who is offering these notes?

    The notes are being offered by Charter's subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp. (collectively, the 'Issuers').

  3. How are these notes being offered and to whom?

    The notes are being offered to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons outside the United States under Regulation S. They have not been registered under the Securities Act of 1933.

  4. What does the filing of 'unaudited pro forma financial information' mean for investors?

    The unaudited pro forma financial information provides a hypothetical view of CCO Holdings, LLC's financial performance for the year ended December 31, 2016, as if the announced debt transactions (including the new note offering and debt repurchase) had already occurred. This helps investors understand the potential impact of these transactions on the company's financial position.

04—Continue

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