Charter Communications extends $4.5 billion of revolver, cuts pricing

By Sarah Lizee

Olympia, Wash., Oct. 24 – Charter Communications, Inc. said subsidiary Charter Communications Operating, LLC extended the maturity of and reduced the pricing of about $4.5 billion of its $4.75 billion revolving credit facility, according to a press release.

Pricing on the affected portion of the revolver was reduced to Libor plus 125 basis points from Libor plus 150 bps.

The maturity date was extended to Feb. 1, 2025 from March 29, 2024. The remaining portion of the revolver still matures on March 29, 2024.

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

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