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CHARTER COMMUNICATIONS, INC. /MO/ 8-K Report, Corporate Update (Apr 6, 2018)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed April 6, 2018
Period End
April 3, 2018
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 · May ’17May ’17
  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 April 6, 2018. Cited figures are marked; the original filing is the authoritative source.

Charter Communications, Inc. (CHTR) filed an 8-K on April 6, 2018, to announce a significant debt offering.

The company, through its operating subsidiaries Charter Communications Operating, LLC and Charter Communications Operating Capital Corp., entered into an underwriting agreement to issue and sell a substantial amount of senior secured notes. Specifically, Charter Communications is issuing $800 milliona in 5.375% Senior Secured Notes due 2038 and $1.7 billion in 5.750% Senior Secured Notes due 2048. This offering aims to raise a total of $2.5 billion.

The proceeds from these notes will likely be used for general corporate purposes, which could include funding ongoing operations, capital expenditures, acquisitions, or refinancing existing debt. Investors should note the new maturities and coupon rates associated with these notes as they represent a material increase in the company's long-term debt obligations.

02—Key points

Key Highlights

  1. Charter Communications is issuing $800 million of 5.375% Senior Secured Notes due 2048.
  2. Charter Communications is also issuing $1.7 billion of 5.750% Senior Secured Notes due 2038.
  3. The total principal amount of the new debt offering is $2.5 billion.
  4. The notes are senior secured, indicating they are backed by specific company assets.
  5. The underwriting agreement was entered into on April 3, 2018, with Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. acting as underwriters.
  6. The filing includes the Underwriting Agreement as Exhibit 99.1 for detailed terms and conditions.

03—Questions

Frequently Asked Questions

  1. What is the total amount of debt Charter Communications is issuing?

    Charter Communications is issuing a total of $2.5 billion in senior secured notes, comprised of $800 million in 5.375% notes due 2038 and $1.7 billion in 5.750% notes due 2048.

  2. What is the purpose of this debt offering?

    The 8-K filing does not explicitly state the use of proceeds. However, such debt issuances are typically used for general corporate purposes, which can include capital expenditures, funding operations, potential acquisitions, or refinancing existing debt.

  3. Who are the underwriters for this debt issuance?

    The underwriters for this debt issuance are Citigroup Global Markets Inc. and Deutsche Bank Securities Inc., acting as representatives for the several underwriters named in the agreement.

  4. What are the key terms of the new notes?

    The new notes include $800 million principal amount of 5.375% Senior Secured Notes due 2038 and $1.7 billion principal amount of 5.750% Senior Secured Notes due 2048. They are senior secured obligations, meaning they are backed by specific collateral of the company.

04—Continue

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