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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Charter Communications Inc New | NASDAQ:CHTR | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
2.76 | 0.85% | 327.35 | 289.00 | 330.78 | 328.41 | 319.27 | 324.59 | 1,516,696 | 01:00:00 |
ST. LOUIS, Nov. 30, 2011 /PRNewswire/ -- Charter Communications, Inc. (along with its subsidiaries, the "Company" or "Charter") today announced that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp., (collectively, the "Issuers") have priced a public offering of $750 million in aggregate principal amount of senior unsecured notes due 2020. The notes will bear an interest rate of 7.375 percent per annum and will be issued at a price of 100 percent of the aggregate principal amount.
(Logo: http://photos.prnewswire.com/prnh/20110526/AQ10195LOGO)
The notes will result in net proceeds to the Company of approximately $740.25 million after deducting underwriting discounts and commissions. Charter intends to use the net proceeds from the sale of the notes and borrowings under its revolving credit facility to finance the tender offers for certain of Charter Communications Operating, LLC's 8.00% and 10.875% second lien notes and certain of CCH II, LLC's 13.50% senior notes. The Company expects to close the offering on December 14, 2011, subject to customary closing conditions. The offering and sale of the Issuers' senior unsecured notes due 2020 were made pursuant to a shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission ("SEC").
BofA Merrill Lynch acted as the Lead Bookrunning Manager for the offering. The offering was made only by means of a prospectus supplement dated November 30, 2011, and the accompanying base prospectus, copies of which may be obtained on Charter's website at www.charter.com, the SEC's website at www.sec.gov or by contacting BofA Merrill Lynch, Attention: Syndicate Operations, 4 World Financial Center, New York, NY 10080, 800-294-1322 or email: dg.prospectus_requests@baml.com.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), regarding, among other things, our plans, strategies and prospects, both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions including, without limitation, the factors described under "Risk Factors" from time to time in our filings with the Securities and Exchange Commission ("SEC"). Many of the forward-looking statements contained in this release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," "aim," "on track," "target," "opportunity," "tentative," "positioning" and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this release are set forth in other reports or documents that we file from time to time with the SEC, and include, but are not limited to:
All forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by this cautionary statement. We are under no duty or obligation to update any of the forward-looking statements after the date of this release.
SOURCE Charter Communications, Inc.
Copyright 2011 PR Newswire
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