STAMFORD, Conn., May 9, 2024
/PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along
with its subsidiaries, "Charter") today announced that its
subsidiaries, Charter Communications Operating, LLC and Charter
Communications Operating Capital Corp. (collectively, the
"Company") have amended its previously announced offer (the "Tender
Offer") to purchase for cash the Company's outstanding 4.908%
senior secured notes due 2025 (the "Notes"), represented by CUSIP
number 161175 AY0 / 161175 AT1 / U16109 AM9.
The Company is amending the maximum amount of the Notes it will
repurchase in the Tender Offer from a combined aggregate purchase
price of up to $1.7 billion
(excluding accrued and unpaid interest up to, but not including,
the applicable Settlement Date and excluding fees and expenses
related to the Tender Offer) (the "Original Notes Purchase Price")
to a combined aggregate purchase price of up to $2.5 billion (excluding accrued and unpaid
interest up to, but not including, the applicable Settlement Date
and excluding fees and expenses related to the Tender Offer) (the
"Amended Notes Purchase Price").
Except as stated in this press release, no other terms of the
Tender Offer have changed. The complete terms and conditions of the
Tender Offer are set forth in the Offer to Purchase dated
May 9, 2024 (as amended and
supplemented from time to time, the "Offer to Purchase"), copies of
which may be obtained from Global Bondholder Services Corporation,
the Information Agent and Tender Agent, by calling at (toll-free)
(855) 654-2015, (for banks and brokers) (212) 430-3774 or by email
to contact@gbsc-usa.com. Questions regarding the tendering of
Notes may be directed to Global Bondholder Services Corporation by
facsimile to (for Eligible Institutions only) (212)
430-3775/3779.
Morgan Stanley & Co. LLC is serving as the Dealer Manager
for the Tender Offer. Questions regarding the Tender Offer may be
directed to Morgan Stanley & Co. LLC, Liability Management
Group at (800) 624-1808 (toll free) or (212) 761-1057
(collect).
This press release is neither an offer to purchase nor a
solicitation of an offer to sell the Notes. The Tender Offer is
made only by the Offer to Purchase and the information in this
press release is qualified by reference to that Offer to Purchase.
Neither Charter, the Company or its affiliates, their respective
boards of directors, the Dealer Manager, the Information Agent and
Tender Agent or the trustees with respect to any Notes is making
any recommendation as to whether holders should tender any Notes in
response to the Tender Offer, and no one has been authorized to
make any such recommendation. Holders must make their own decision
as to whether to tender any of their Notes, and, if so, the
principal amount of Notes to tender.
This press release shall not constitute an offer to sell or the
solicitation of an offer to sell or the solicitation of an offer to
buy any securities.
About Charter
Charter Communications, Inc. (NASDAQ:CHTR) is a leading
broadband connectivity company and cable operator serving more than
32 million customers in 41 states through its Spectrum brand. Over
an advanced communications network, the Company offers a full range
of state-of-the-art residential and business services including
Spectrum Internet®, TV, Mobile and Voice.
For small and medium-sized companies, Spectrum
Business® delivers the same suite of broadband products
and services coupled with special features and applications to
enhance productivity, while for larger businesses and government
entities, Spectrum Enterprise® provides highly
customized, fiber-based solutions. Spectrum Reach®
delivers tailored advertising and production for the modern media
landscape. The Company also distributes award-winning news coverage
and sports programming to its customers through Spectrum Networks.
More information about Charter can be found at
corporate.charter.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
This communication includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, regarding, among other things, the potential offering.
Although we believe that our plans, intentions and expectations as
reflected in or suggested by these forward-looking statements are
reasonable, we cannot assure you that we will achieve or realize
these plans, intentions or expectations. Forward-looking statements
are inherently subject to risks, uncertainties and assumptions
including, without limitation, the factors described under "Risk
Factors" from time to time in our filings with the SEC. Many of the
forward-looking statements contained in this communication may be
identified by the use of forward-looking words such as "believe,"
"expect," "anticipate," "should," "planned," "will," "may,"
"intend," "estimated," "aim," "on track," "target," "opportunity,"
"tentative," "positioning," "designed," "create," "predict,"
"project," "initiatives," "seek," "would," "could," "continue,"
"ongoing," "upside," "increases," "grow," "focused on" and
"potential," among others.
All forward-looking statements attributable to us or any person
acting on our behalf are expressly qualified in their entirety by
this cautionary statement. We are under no duty or obligation to
update any of the forward-looking statements after the date of this
communication.
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SOURCE Charter Communications, Inc.