Charter launches repricing of term loan E and term loan F debt

By Sara Rosenberg

New York, Jan. 9 – Charter Communications Inc. launched a repricing of its $1,448,000,000 term loan E due 2020 and $1,158,000,000 term loan F due 2021, according to a market source.

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

The repriced term loans are talked at Libor plus 200 basis points with no Libor floor and an original issue discount of 99.875 to par, the source said.

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

The repricing will take the term loans down from Libor plus 225 bps with a 0.75% Libor floor.

Charter is a Stamford, Conn.-based broadband communications company and cable operator.

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