8-KRegulation FDExhibits & Filings

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

Filed May 9, 2024For Securities:CHTR

Summary

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 billion 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.

Key Highlights

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

Frequently Asked Questions

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.

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.

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.

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.