Charter Bond Buyback Scrapped

Publish date:

Charter Communications Inc. scrapped plans for a $1.7 billion junk-bond
offering last Thursday, citing unfavorable bond prices.

The MSO has about $19 billion in total debt.

Charter’s share price dropped 38 cents on the news last Thursday, to $3.60
apiece, but rebounded to $3.75 last Friday. The stock rose 4 cents to $3.79
per share Monday.