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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,

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