Charter launches term loan H and term loan I repricing, extension

By Sara Rosenberg

New York, Dec. 9 – Charter Communications Inc. launched on Friday a repricing and extension of its $995 million term loan H and $2,786,000,000 term loan I, according to a market source.

Bank of America Merrill Lynch is the lead bank on the deal.

The term loan H repricing is talked at Libor plus 200 basis points with no Libor floor and an original issue discount of 99.75, versus current pricing of Libor plus 250 bps with a 0.75% Libor floor, the source said.

The term loan H maturity will be extended to January 2022 from August 2021.

Meanwhile, the term loan I repricing is talked at Libor plus 225 bps with no Libor floor and a discount of 99.5 to 99.75, versus current pricing of Libor plus 275 bps with a 0.75% Libor floor, the source continued.

The term loan I maturity will be extended by one year to January 2024.

Commitments are due at 5 p.m. ET on Thursday, the source added.

Charter is a Stamford, Conn.-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.