US cableco Charter Communications intends to offer US$750m of debt via senior unsecured notes due 2023.
In a statement the company said Deutsche Bank will act as lead book-running manager. BofA Merrill Lynch, Citigroup, Credit Suisse, UBS, JP Morgan and…
US cableco Charter Communications intends to offer US$750m of debt via senior unsecured notes due 2023.
In a statement the company said Deutsche Bank will act as lead book-running manager. BofA Merrill Lynch, Citigroup, Credit Suisse, UBS, JP Morgan and Barclays are also listed, as joint book-running managers, in an SEC filing.
Charter said the notes will rank equally in right of payment with all of its existing and future senior unsecured debt.
It intends to use the net proceeds from the sale of the notes for general corporate purposes, including the repayment of existing bank debt.
Moody’s rated the issuance B1 and the cableco will issue the debt via subsidiaries CCO Holdings LLC and CCO Holdings Capital Corp.
Charter last tapped the bond market in August when it raised US$1.25bn by issuing 10-year 5.25% notes.
Charter offers television, internet and telephone services in 25 US states and says it is the country’s fourth-largest cableco.
