Charter offers to prepay $750 million of term B-1 with notes proceeds

By Sara Rosenberg

New York, Sept. 20 - Charter Communications Inc. commenced an optional prepayment offer to prepay up to $750 million of its $3.3 billion term loan B-1, according to a news release.

Funds for the paydown would come from the sale of $750 million of senior notes.

Any remaining proceeds from the notes will be used for general corporate purposes.

Charter is a St. Louis-based broadband communications company and cable operator.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.