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