Charter to Float Notes12/01/2004 4:25 AM Eastern
Charter Communications Inc. said Wednesday that two of its indirect subsidiaries will offer notes.
CCO Holdings LLC and CCO Holdings Capital Corp. intend to offer senior floating-rate notes for gross estimated proceeds of approximately $500 million in a private transaction.
The company said it is expected that the notes will be sold to qualified institutional buyers in reliance on Rule 144A and outside of the United States to non-U.S. persons in reliance on Regulation S.
Charter added that it expects the sale to be completed within the next few weeks.