US telco Charter Communications plans to issue US$1bn in senior unsecured notes due 2022 to reduce outstanding debt.
The company said Citigroup will act as lead bookrunning manager for the offering, which will be placed through its subsidiaries, CCO…
US telco Charter Communications plans to issue US$1bn in senior unsecured notes due 2022 to reduce outstanding debt.
The company said Citigroup will act as lead bookrunning manager for the offering, which will be placed through its subsidiaries, CCO Holdings and CCO Holdings Capital.
Other banks listed as bookrunning managers are BofA Merrill Lynch, Credit Suisse, JP Morgan, UBS, Deutsche Bank, Barclays and Morgan Stanley.
“We expect that delivery of the notes will be made to investors on or about 22 August 2012,” Charter stated in a prospectus published today.
Proceeds from the offering will be used to pay amounts outstanding under the group’s revolving credit facility, and fund the redemption of 13.5% senior notes due 2016 on or before 30 November 2012.
