Charter Communications Credit Agreement

STAMFORD, Conn., January 29, 2019 /PRNewswire/ — Charter Communications, Inc. (NASDAQ: CHTR) (with its subsidiaries, “Charter”) announced today that its subsidiary Charter Communications Operating, LLC (“CCO”) has made an amendment to its credit agreement, which took out a $1.7 billion A-3 loan and increased its revolving credit facility from $4.0 billion to $4.75 billion. In addition, 86% of the existing Term A-2 loan has converted their outstanding A-2 loans into a new Term A-3 loan, which matures on March 29, 2024, and 95% of the $4.75 billion revolving credit facility will also be due on March 29, 2024. The remaining portions of the A-2 term loan and the revolving credit facility mature on March 31, 2023. Prices for the A-3 term loan and the revolving credit facility were set at LIBOR plus 150 basis points. Important information for investors and shareholders This communication is neither an offer to sell, an invitation to buy securities, nor an invitation to vote or approve. As part of the proposed transaction between Time Warner Cable Inc. (“Time Warner Cable”) and Charter Communications, Inc. (“Charter”) on August 20, 2015, Charter`s subsidiary, CCH I, LLC (“New Charter”), filed with the Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 containing a joint proxy statement from Charter and Time Warner Cable, which also constitutes a prospectus of New Charter, and began to forward the proxy statement to Charter Time and Warner Cable shareholders. This material does not replace the joint proxy statement/prospectus or registration statement or any other document that Charter or Time Warner Cable may submit to the SEC and send to Charter and/or Time Warner Cable shareholders in connection with the proposed transactions. INVESTORS AND SECURITY HOLDERS OF CHARTER AND TIME WARNER CABLE ARE ENCOURAGED TO READ THE PROXY/PROSPECTUS STATEMENT AND OTHER SEC DOCUMENTS CAREFULLY AND FULLY, IF THEY ARE AVAILABLE AS THEY CONTAIN IMPORTANT INFORMATION. Investors and securityholders can obtain free copies of the proxy statement/prospectus and other documents submitted by Charter or Time Warner Cable to the SEC via the SEC-managed website for the www.sec.gov.

Copies of The Documents Submitted by Charter to the SEC will be available free of charge on Charter`s website under charter.com, in the Investor and News Center at the bottom of the page or through Charter`s Investor Relations Department at 203-905-7955. Copies of time Warner Cable`s SEC documents are available free of charge on Time Warner Cable`s website at ir.timewarnercable.com or through Time Warner Cable`s Investor Relations Department at 877-446-3689. Once an agreement has been reached and you have made a payment to Charter, you should see that the negative entry will be removed from your credit report within the next 30 days. In other cases, agencies buy the debt directly for money on the dollar and declare the debt to credit bureaus and incendiary debtors until an agreement is reached.

カテゴリー: 未分類   パーマリンク