US cableco Charter has secured a US$750m term loan A senior secured credit facility, the company announced.
The facility, which was closed on 19 December by its subsidiary, Charter Communications Operating, has a final maturity date of 15 May 2017, and…
US cableco Charter has secured a US$750m term loan A senior secured credit facility, the company announced.
The facility, which was closed on 19 December by its subsidiary, Charter Communications Operating, has a final maturity date of 15 May 2017, and interest at the rate of LIBOR plus 2.25% per annum without a LIBOR floor.
Charter said that the term loan A facility has a delayed draw component: US$250m was funded on closing of the term loan A and the remaining US$500m will be funded no later than 15 March 2012. The proceeds will be used for general corporate purposes, Charter said.
