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CHARTER COMMUNICATIONS, INC. /MO/ 8-K Report, Corporate Update (Oct 21, 2019)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed October 21, 2019
Period End
October 15, 2019
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. Deal closed8-K · Jul ’16Jul ’16
  2. Material agreement8-K · Jul ’18Jul ’18
  3. Leadership change8-K · Sep ’22Sep ’22
  4. Leadership change8-K · Aug ’26Aug ’26

01—Abstract

Summary

Summary of the 8-K filed October 21, 2019. Cited figures are marked; the original filing is the authoritative source.

Charter Communications, Inc. (CHTR) filed an 8-K on October 21, 2019, primarily to disclose the execution of an Underwriting Agreement for the issuance and sale of $1.5 billiona in aggregate principal amount of 4.800% Senior Secured Notes due 2050.

This event, dated October 15, 2019, involved Charter Communications Operating, LLC and Charter Communications Operating Capital Corp. as issuers, with CCO Holdings, LLC acting as the parent guarantor. The underwriting was managed by representatives from Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, and Deutsche Bank Securities Inc. The filing indicates that the Underwriting Agreement includes standard provisions such as representations, warranties, covenants, conditions to closing, indemnification obligations, and termination clauses.

Investors should note that this is a debt issuance, and the detailed terms and conditions are available in the referenced Underwriting Agreement filed as an exhibit. This information is crucial for understanding the company's ongoing financing activities and capital structure.

02—Key points

Key Highlights

  1. Charter Communications, Inc. announced the execution of an Underwriting Agreement for a debt issuance.
  2. The company plans to issue $1.5 billion in aggregate principal amount of 4.800% Senior Secured Notes due 2050.
  3. The issuance involves Charter Communications Operating, LLC and Charter Communications Operating Capital Corp. as issuers.
  4. CCO Holdings, LLC is the parent guarantor for this debt offering.
  5. Key underwriters include Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, and Deutsche Bank Securities Inc.
  6. The Underwriting Agreement contains customary provisions including representations, warranties, covenants, and termination clauses.
  7. The full Underwriting Agreement is filed as Exhibit 99.1 to this Form 8-K.

03—Questions

Frequently Asked Questions

  1. What is the purpose of this 8-K filing?

    This 8-K filing is primarily to inform investors about the execution of an Underwriting Agreement for the issuance and sale of new debt securities by Charter Communications.

  2. How much debt is Charter Communications issuing?

    Charter Communications is issuing $1.5 billion in aggregate principal amount of 4.800% Senior Secured Notes due 2050.

  3. Who are the main parties involved in this debt issuance?

    The issuers are Charter Communications Operating, LLC and Charter Communications Operating Capital Corp. CCO Holdings, LLC is the parent guarantor. Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, and Deutsche Bank Securities Inc. are acting as representatives for the underwriters.

  4. What are 'Senior Secured Notes'?

    Senior Secured Notes are a type of debt security that is secured by specific collateral. This means that if the company defaults on its obligations, the noteholders have a claim on those specific assets before other unsecured creditors.

04—Continue

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