US cable operator Charter Communications has closed its US$1.25bn offering of senior unsecured 5.25% notes.
The notes, which mature in 2022, priced at 99.026 to yield 5.3%.
Charter said it will use the net proceeds of US$1.22bn from the sale for…
US cable operator Charter Communications has closed its US$1.25bn offering of senior unsecured 5.25% notes.
The notes, which mature in 2022, priced at 99.026 to yield 5.3%.
Charter said it will use the net proceeds of US$1.22bn from the sale for general corporate purposes, including repaying amounts outstanding under its revolving credit facility and to fund the redemption of the CCH II, LLC 13.5% senior notes due 2016 on or before 30 November 2012.
Charter originally planned to offer US$1bn in notes but upsized the offering by US$250m.
Citigroup acted as lead bookrunning manager on the issuance, which was placed through its subsidiaries CCO Holdings and CCO Holdings Capital.
BofA Merrill Lynch, Credit Suisse, JP Morgan, UBS, Deutsche Bank, Barclays and Morgan Stanley were bookrunning managers.
