Charter Offers $1.5B in Notes

Proceeds to Refinance Existing Debt
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Charter Communications said Monday it will issue $1.5 billion in senior unsecured notes due in 2023 qne 2025, the proceeds of which will be used to retire some existing debt.

According to documents filed with the Securities and Exchange Commission , Charter said it will use proceeds from the sale of the new notes and new borrowings under its revolving credit facility to finance a tender offer for $1 billion in 7.25% senior notes due 2017 and for $700 million in 8.25% senior notes due 2020. The tender offer is expected to take place after 5:01 p.m. April 13.

Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated will act as the Joint Book-Running Managers for the offering.

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