Charter plans bond sale ahead of TWC takeover

Thursday 9 July 2015 | 15:30 CET | News
Charter Communication subsidiary CCO Safari plans to offer senior secured notes, with proceeds to be placed in escrow until the closing of Charter's acquisition of Time Warner Cable. At that time, the notes will be assumed by subsidiaries Charter Communications Operating and Charter Communications Operating Capital. The notes, due 2020, 2022, 2025, 2035, 2045 and 2055, will be sold to qualified institutional buyers in and outside the US by joint book-runnning managers Goldman Sachs, Merrill Lynch, Credit Suisse, Deutsche Bank and UBS. Comcast agreed in May to buy TWC for USD 78.7 billion,

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Charter Communications / Time Warner Cable
Countries: United States
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


New Jersey approves Charter-TWC deal

Published 25 Feb 2016 10:49 CET | United States
The State of New Jersey Board of Public Utilities has approved Charter's planned merger with Time Warner Cable (TWC). The move ...

Charter closes USD 1.7 bln bond issue

Published 21 Feb 2016 11:04 CET | United States
US cable operator Charter Communications has announced that its subsidiaries, CCO Holdings and CCO Holdings Capital, have closed ...

Charter closes USD 2.5 billion bond issue

Published 23 Nov 2015 08:49 CET | United States
US cable operator Charter Communications' subsidiary CCOH Safari has closed on the sale of USD 2.5 billion senior unsecured notes ...

Charter plans USD 2.5 bln bond offering

Published 05 Nov 2015 15:54 CET | United States
US cable operator Charter Communications plans to offer USD 2.5 billion of senior unsecured notes due 2026 through its subsidiary ...

Charter borrows USD 3.8 bln worth of term loans

Published 25 Aug 2015 09:45 CET | United States
Charter Communications has closed senior secured credit facilities worth a total of USD 3.8 billion, including a USD 1.0 billion ...

Time Warner Cable profits fall as customer growth improves

Published 30 Jul 2015 14:44 CET | United States
Time Warner Cable reported a fall in second-quarter profits as investments in network upgrades, programming and customer ...

Charter closes USD 15.5 bln bond issue

Published 24 Jul 2015 15:09 CET | United States
Charter has closed its sale of USD 15.5 billion worth of senior secured notes due 2020, 2022, 2025, 2035, 2045 and 2055. The USD ...

Charter prices USD 15.5 billion bond issue

Published 10 Jul 2015 11:43 CET | United States
Charter Communications subsidiary CCO Safari II has priced USD 15.5 billion of senior secured notes. Charter intends to use the ...

Time Warner Cable announces departure of CFO Minson

Published 02 Jun 2015 11:43 CET | United States
Time Warner Cable has announced the immediate departure of executive VP and CFO Arthur Minson. Reports earlier named Minson as ...

Cable mergers try to break power of content providers

Published 27 May 2015 14:47 CET | World
A major cable merger has been announced in the US. Charter is bidding for Time Warner Cable as well as continuing its earlier ...

Charter agrees Time Warner Cable, Bright House takeovers

Published 26 May 2015 12:05 CET | United States
Charter Communications confirmed an agreement to acquire Time Warner Cable for USD 78.7 billion including debt. The ...

Charter close to deal to buy Time Warner Cable - report

Published 25 May 2015 19:01 CET | United States
Charter Communications is close to winning the bidding for Time Warner Cable with an offer of USD 55 billion, the Financial Times ...

Bright House Networks to abandon Charter takeover - report

Published 11 May 2015 08:45 CET | United States
Bright House Networks is preparing to abandon a USD 10.4 billion deal to be acquired by Charter Communications, people familiar ...