Charter Closes $4.75B Senior Secured Notes Offering
CHTR sits 33% above its 52-week low of $111.55.
Summary
Charter Communications closed a $4.75 billion senior secured notes offering on August 18, 2026, issuing four series of notes with maturities from 2032 to 2056.
Key Events · Financing and Capital Events · CHTR
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$4.75B Notes Offering Closed
Charter issued $1.75B of 6.050% notes due 2032, $1.0B of 6.600% notes due 2034, $1.0B of 6.950% notes due 2036, and $1.0B of 7.850% notes due 2056.
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Pricing and Proceeds
Notes were issued at 99.839% to 99.937% of par, resulting in gross proceeds of approximately $4.74 billion before underwriting discounts.
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Use of Proceeds
The filing does not specify use of proceeds, but the offering follows the $14.3 billion Cox Communications acquisition and a prior $3.5 billion exchange offer, suggesting refinancing and acquisition funding.
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Registration and Underwriters
Offering was made under an automatic shelf registration filed July 27, 2026, with Citigroup, Morgan Stanley, and Wells Fargo as joint book-running managers.
Analysis · CHTR · Technology
Charter Communications completed a $4.75 billion senior secured notes offering across four tranches with maturities from 2032 to 2056. The notes carry coupons ranging from 6.050% to 7.850% and were issued at prices slightly below par. This capital raise significantly increases Charter's debt load but provides liquidity for general corporate purposes, including the pending Cox Communications acquisition. The offering was conducted under an existing shelf registration and follows a prior exchange offer, indicating active management of the company's capital structure.
At the time of this filing, CHTR was trading at $148.34 on NASDAQ in the Technology sector, with a market capitalization of approximately $19.8B. The 52-week trading range was $111.55 to $285.82. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.