Charter closes $2 billion senior secured notes offering

STAMFORD, Conn. - Charter Communications, Inc. (NASDAQ:CHTR), currently trading near its 52-week low at $264.32, announced Tuesday it has completed a $2 billion senior secured notes offering through its subsidiaries Charter Communications Operating, LLC and Charter Communications Operating Capital Corp. The company, with a market capitalization of $40.5 billion, maintains a substantial debt position of $96.3 billion.

The offering consists of $1.25 billion in Senior Secured Notes due 2035 with a 5.850% interest rate, issued at 99.932% of the aggregate principal amount, and $750 million in Senior Secured Notes due 2055 with a 6.700% interest rate, issued at 99.832% of the aggregate principal amount. According to InvestingPro data, the company’s current ratio of 0.33 indicates tight liquidity management.

The notes were issued under an automatic shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC served as joint book-running managers for the offering.

Charter Communications is a broadband connectivity company and cable operator with services available to more than 57 million homes and businesses across 41 states through its Spectrum brand. The company offers residential and business services including internet, TV, mobile and voice communications.

The announcement was made in a press release statement issued by the company.

In other recent news, Charter Communications announced the pricing of $2 billion in senior secured notes through its subsidiaries. The offering includes $1.25 billion in notes due 2035 with a 5.850% interest rate and $750 million in notes due 2055 with a 6.700% interest rate. Additionally, Spectrum Reach, the advertising sales division of Charter Communications, completed the acquisition of ShowSeeker to enhance media buying processes for advertisers. Meanwhile, Goldman Sachs downgraded Charter Communications to a Sell rating, citing increased competition in the wireline broadband market as a significant concern. However, Wells Fargo resumed coverage of Charter Communications with an Equal Weight rating, noting the company’s strong performance within the challenging cable industry.

In other developments, Charles & Colvard announced its Fiscal 2026 Executive Incentive Program, effective July 1, 2025, which includes the issuance of up to 1,338,000 restricted stock units. Participants in the program can choose to receive their awards as a mix of restricted stock and cash or entirely in restricted stock. These recent developments highlight ongoing strategic moves and market assessments for these companies.

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