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Charter Communications Inc. - Tender Offer 2024 (US) - Launch

Charter Announces Amended Tender Offer for Debt Securities - 161175AY0 - 161175AT1 - U16109AM9

09 MAY 2024


Full announcement including full disclosures and disclaimers available via Prnewswire: Source: Charter Communications Inc.


"STAMFORD, Conn., May 9, 2024 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that its subsidiaries, Charter Communications Operating, LLC and Charter Communications Operating Capital Corp. (collectively, the "Company") have amended its previously announced offer (the "Tender Offer") to purchase for cash the Company's outstanding 4.908% senior secured notes due 2025 (the "Notes"), represented by CUSIP number 161175 AY0 / 161175 AT1 / U16109 AM9.


The Company is amending the maximum amount of the Notes it will repurchase in the Tender Offer from a combined aggregate purchase price of up to $1.7 billion (excluding accrued and unpaid interest up to, but not including, the applicable Settlement Date and excluding fees and expenses related to the Tender Offer) (the "Original Notes Purchase Price") to a combined aggregate purchase price of up to $2.5 billion (excluding accrued and unpaid interest up to, but not including, the applicable Settlement Date and excluding fees and expenses related to the Tender Offer) (the "Amended Notes Purchase Price").


Except as stated in this press release, no other terms of the Tender Offer have changed..."


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Charter Announces Tender Offer for Debt Securities

09 MAY 2024


Full announcement including full disclosures and disclaimers available via Prnewswire: Source: Charter Communications Inc.


STAMFORD, Conn., May 9, 2024 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that its subsidiaries, Charter Communications Operating, LLC and Charter Communications Operating Capital Corp. (collectively, the "Company") have commenced an offer (the "Tender Offer") to purchase for cash the Company's outstanding 4.908% senior secured notes due 2025 (the "Notes"), represented by CUSIP number 161175 AY0 / 161175 AT1 / U16109 AM9, for a combined aggregate purchase price of up to $1.7 billion (excluding accrued and unpaid interest up to, but not including, either the Early Settlement Date or Final Settlement Date, as applicable (the "Settlement Date") and excluding fees and expenses related to the Tender Offer) (the "Maximum Notes Purchase Price").

The terms and conditions of the Tender Offer are described in an Offer to Purchase dated May 9, 2024 (the "Offer to Purchase"). Subject to the Maximum Notes Purchase Price, all Notes validly tendered and not validly withdrawn at or before Early Tender Time will have a higher acceptance priority level and will be accepted before any Notes validly tendered after the Early Tender Time. Capitalized terms used in this press release and not defined herein have the meanings given to them in the Offer to Purchase.


The Tender Offer will expire at 5:00 p.m., New York City time, on June 7, 2024, unless extended or earlier terminated as described in the Offer to Purchase (such time and date, as the same may be extended, the "Expiration Time"). Notes tendered at or prior to 5:00 p.m., New York City time, on May 22, 2024 (such date and time, as the same may be extended, the "Withdrawal Deadline") may be validly withdrawn at any time at or prior to the Withdrawal Deadline, but not thereafter.


Certain information regarding the Notes and the Tender Offer is set forth in the table below:



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