US cableco Charter Communications has priced a US$800m offering of 5.875% senior unsecured notes due 2027, upsized from US$500m, at par.The company plans to use the proceeds to fund the partial redemption of its outstanding US$1.4bn 7% senior notes due…
US cableco Charter Communications has priced a US$800m offering of 5.875% senior unsecured notes due 2027, upsized from US$500m, at par.
The company plans to use the proceeds to fund the partial redemption of its outstanding US$1.4bn 7% senior notes due 2019 and for general corporate purposes.
Credit Suisse, Deutsche Bank, Goldman Sachs and Merrill Lynch, Pierce, Fenner & Smith are acting as the joint book-running managers for the offering.
Earlier this week, the cable operator priced a US$1.9bn two-tranche senior unsecured note offering, upsized from US$1.5bn, at par.
Last month, the company struck a deal to acquire rival Bright House Networks for US$10.4bn.
