debt
confidence high
sentiment neutral
materiality 0.55
Charter subsidiaries launch up to $1.7B tender offer for 4.908% senior secured notes due 2025
CHARTER COMMUNICATIONS, INC. /MO/
- Tender offer for up to $1.7B aggregate purchase price of 4.908% senior secured notes due 2025.
- Notes CUSIP 161175 AY0 / 161175 AT1 / U16109 AM9; $4.5B outstanding.
- Early tender premium $30.00 per $1,000 principal; early tender deadline May 22, 2024 at 5:00 PM NY time.
- Tender offer expires June 7, 2024; conditioned on closing of new senior secured notes offering.
- Morgan Stanley & Co. serves as dealer manager; payment expected May 24 (early) or June 11 (final).