US telco Charter Communications has priced its senior unsecured 5.25% notes at 99.026, and increased the offering from US$1bn to US$1.25bn.
The notes mature in 2022 and the yield to maturity is 5.3%.
Charter said it will use the net proceeds from the…
US telco Charter Communications has priced its senior unsecured 5.25% notes at 99.026, and increased the offering from US$1bn to US$1.25bn.
The notes mature in 2022 and the yield to maturity is 5.3%.
Charter said it will use the net proceeds from the sale for general corporate purposes, including repaying amounts outstanding under its revolving credit facility, to pay fees and expenses related to this offering and to fund the redemption of the CCH II, LLC 13.5% senior notes due 2016 on or before 30 November 2012.
Citigroup is acting as lead bookrunning manager on the issuance, which will be placed through its subsidiaries CCO Holdings and CCO Holdings Capital.
BofA Merrill Lynch, Credit Suisse, JP Morgan, UBS, Deutsche Bank, Barclays and Morgan Stanley are listed as bookrunning managers.
Charter expects to close the offering on 22 August.
