Summary
Charter Communications, Inc. (CHTR) filed an 8-K on August 12, 2026, to report the early settlement of its previously announced exchange offers for various senior secured notes and debentures. The company successfully issued approximately $1.69 billion in new 7.087% Senior Secured Notes due 2038 and $1.63 billion in new 7.337% Senior Secured Notes due 2041. These new notes were issued in exchange for existing debt and are senior secured obligations of the Issuers, guaranteed by CCO Holdings, LLC and certain subsidiaries, and secured by a first-priority lien on specified assets. The filing also details the entry into a Twenty-Seventh Supplemental Indenture, which supplements the existing base indenture, and an Exchange and Registration Rights Agreement. The Registration Rights Agreement obligates Charter to file a registration statement for an exchange offer of the new notes within 450 days of the early settlement date, with potential penalties in the form of additional interest if this deadline is not met. Investors should note the increased interest rates on the newly issued debt and the potential for additional interest payments related to registration obligations.
Key Highlights
- 1Early settlement of exchange offers completed on August 12, 2026.
- 2Approximately $1.69 billion of new 7.087% Senior Secured Notes due 2038 were issued.
- 3Approximately $1.63 billion of new 7.337% Senior Secured Notes due 2041 were issued.
- 4New notes are senior secured obligations and are guaranteed by CCO Holdings, LLC and subsidiary guarantors.
- 5The Notes are secured by a first-priority lien on specified assets.
- 6A supplemental indenture (Twenty-Seventh Supplemental Indenture) and a Registration Rights Agreement were entered into.
- 7Registration Rights Agreement requires Charter to register the new notes within 450 days to avoid additional interest payments.