Exhibit 99.1
Charter Closes $2.0 Billion Senior Secured Notes
STAMFORD, Connecticut – January 17, 2019 – Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, “Charter”) today announced that its subsidiaries, Charter Communications Operating, LLC (“CCO”) and Charter Communications Operating Capital Corp. (collectively, the “Issuers”), have closed on $2.0 billion in aggregate principal amount of notes consisting of the following securities (collectively, the “Notes”):
| | • | | $1.25 billion in aggregate principal amount of senior secured notes due 2029 (the “2029 Notes”). The 2029 Notes bear interest at a rate of 5.050% per annum and were issued at a price of 99.935% of the aggregate principal amount; and |
| | • | | $750 million in aggregate principal amount of senior secured notes due 2048 (the “2048 Notes”). The 2048 Notes form a part of the same series as the Issuers’ senior secured notes due 2048 issued April 3, 2018, which bear interest at a rate of 5.750% per annum. The 2048 Notes were issued at a price of 94.970% of the aggregate principal amount. |
The Notes were issued pursuant to an effective automatic shelf registration statement on FormS-3 filed with the Securities and Exchange Commission (the “SEC”).
This news release is neither an offer to sell nor a solicitation of an offer to buy the Notes and shall not constitute an offer, solicitation or sale, nor is it an offer to purchase, or the solicitation of an offer to sell the Notes in any jurisdiction in which such offer, solicitation, or sale is unlawful.
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