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CHARTER COMMUNICATIONS, INC. /MO/ 8-K Report, Regulation FD Disclosure (May 9, 2024)

Reports
Regulation FD·Exhibits & Filings
Filing Date
Filed May 9, 2024
Period End
May 9, 2024
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 May 9, 2024. Cited figures are marked; the original filing is the authoritative source.

Charter Communications, Inc. (CHTR) announced on May 9, 2024, that its subsidiaries, Charter Communications Operating, LLC and Charter Communications Operating Capital Corp., have launched a tender offer to purchase up to $1.7 billiona of their outstanding 4.908% senior secured notes due 2025.

This offer is a key strategic move to manage its debt obligations and potentially reduce interest expenses. The tender offer is contingent upon the successful completion of a new offering of senior secured notes by the Issuers. Investors should note that the tender offer is set to expire on June 7, 2024, unless extended.

The company is offering to purchase the notes for a specified price, plus accrued interest. This action indicates proactive debt management and a refinancing strategy underway by Charter Communications.

02—Key points

Key Highlights

  1. Charter Communications is initiating a cash tender offer for up to $1.7 billion of its 4.908% senior secured notes due 2025.
  2. The tender offer is conditioned on the successful completion of a new senior secured notes offering.
  3. The offer provides an opportunity for holders of the specified notes to sell them back to the company.
  4. The tender offer is scheduled to expire on June 7, 2024, unless extended or terminated.
  5. The company is offering to purchase the notes at a determined price plus accrued interest.
  6. This action is a proactive debt management strategy by Charter Communications.
  7. The disclosure is made under Regulation FD and is not considered 'filed' for liability purposes under Section 18 of the Exchange Act.

03—Questions

Frequently Asked Questions

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

    This 8-K filing announces Charter Communications' commencement of a tender offer to purchase up to $1.7 billion of its 4.908% senior secured notes due 2025. It also details the terms and conditions of this offer, including its expiration date and any conditions.

  2. What are the conditions for the tender offer to be completed?

    The purchase of the notes in the tender offer is conditioned upon the successful consummation of the Issuers' separate offering of new senior secured notes.

  3. When does the tender offer expire?

    The tender offer will expire at 5:00 PM New York City time on June 7, 2024, unless it is extended or terminated earlier by the company.

  4. What will holders receive if they tender their notes?

    Holders of Notes that are validly tendered and accepted for purchase will receive the applicable Purchase Price (as defined in the Offer to Purchase) plus any accrued and unpaid interest up to, but not including, the payment date.

04—Continue

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