Summary
Charter Communications, Inc. (CHTR) has filed an 8-K report detailing the issuance of a significant amount of senior secured notes on August 18, 2026. The company, through its subsidiaries Charter Communications Operating, LLC and Charter Communications Operating Capital Corp., has successfully issued a total of $4.75 billion in aggregate principal amount across four series of notes: $1.75 billion in 6.050% Senior Secured Notes due 2032, $1 billion in 6.600% Senior Secured Notes due 2034, $1 billion in 6.950% Senior Secured Notes due 2036, and $1 billion in 7.850% Senior Secured Notes due 2056. These notes are senior secured obligations, guaranteed on a senior secured basis by CCO Holdings, LLC (the Parent Guarantor) and certain subsidiaries. The issuance was made under an existing automatic shelf registration statement and a prospectus supplement. The proceeds from this offering will be used to refinance existing debt or for general corporate purposes, as is typical for such debt issuances. Investors should note the varying interest rates and maturity dates across these new debt instruments, as well as the covenants and events of default outlined in the supplemental indenture.
Key Highlights
- 1Charter Communications (CHTR) issued $4.75 billion in aggregate principal amount of new senior secured notes on August 18, 2026.
- 2The notes are divided into four series with different coupon rates and maturity dates: 6.050% due 2032, 6.600% due 2034, 6.950% due 2036, and 7.850% due 2056.
- 3The notes are senior secured obligations, with guarantees from CCO Holdings, LLC and certain subsidiaries.
- 4The issuance is backed by a first-priority security interest in the Issuers' and Guarantors' assets that also secure obligations under the company's credit agreement.
- 5The company entered into a Twenty-Eighth Supplemental Indenture to govern the terms of these new notes.
- 6The Indenture includes covenants that limit the company's ability to grant liens, sell assets, or merge/consolidate.
- 7Customary events of default are included in the Indenture, which could lead to accelerated repayment of the notes.