Charter prices $1.5B in senior unsecured notes
Charter Communications (NASDAQ:CHTR) have priced $1.5B in principal amount of senior unsecured notes due 2029; notes will bear interest at a rate of 6.375%Â annually and will be issued at a price of 100% of principal amount.
Net proceeds to be used for general corporate purposes, including to fund potential buybacks of Class A common stock of Charter and common units of Charter Communications, to repay certain indebtedness.
Notes offering is expected to close on Aug.9.