Benzinga | Sep 28, 2021 06:39AM EDT

Charter Raises $4B Via Debt Offering

* Charter Communications Inc (NASDAQ:CHTR) subsidiaries, Charter Communications Operating, LLC, and Charter Communications Operating Capital Corp, have priced $4.0 billion in notes in a secondary offering.

* The notes included $1.25 billion of 2.25% Senior Secured Notes due 2029, $1.35 billion of 3.5% Senior Secured Notes due 2042, and $1.4 billion of 3.95% Senior Secured Notes due 2062.

* The offering proceeds will serve general corporate purposes, including potential buybacks and debt repayment.

* Charter held $87.5 billion in debt as of June 30.

* Price Action: CHTR shares closed lower by 0.64% at $734.41 on Monday.