Technology
Charter Prices $4.75 Billion Senior Secured Notes
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2 hours agoon
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STAMFORD, Conn., Aug. 6, 2026 /PRNewswire/ — Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, “Charter”) today announced that its subsidiaries, Charter Communications Operating, LLC (“CCO”) and Charter Communications Operating Capital Corp. (“CCO Capital,” and together with CCO, the “Issuers”), have priced $4.75 billion in aggregate principal amount of notes consisting of the following securities:
$1.75 billion in aggregate principal amount of Senior Secured Notes due 2032 (the “2032 Notes”). The 2032 Notes will bear interest at a rate of 6.050% per annum and will be issued at a price of 99.839% of the aggregate principal amount.$1.0 billion in aggregate principal amount of Senior Secured Notes due 2034 (the “2034 Notes”). The 2034 Notes will bear interest at a rate of 6.600% per annum and will be issued at a price of 99.896% of the aggregate principal amount.$1.0 billion in aggregate principal amount of Senior Secured Notes due 2036 (the “2036 Notes”). The 2036 Notes will bear interest at a rate of 6.950% per annum and will be issued at a price of 99.937% of the aggregate principal amount.$1.0 billion in aggregate principal amount of Senior Secured Notes due 2056 (the “2056 Notes” and, together with the 2032 Notes, the 2034 Notes and the 2036 Notes, the “Notes”). The 2056 Notes will bear interest at a rate of 7.850% per annum and will be issued at a price of 99.921% of the aggregate principal amount.
The Issuers intend to use the net proceeds from this offering to pay the cash consideration of the previously announced acquisition of Cox Communications, Inc. (the “Cox Transactions”) and for general corporate purposes, including to repay certain indebtedness and to pay related fees and expenses. This offering is not conditioned on the closing of the Cox Transactions and the closing of the Cox Transactions is not conditioned on the consummation of this offering. Charter expects to close the offering of the Notes on August 18, 2026, subject to customary closing conditions.
The offering and sale of the Notes were made pursuant to an effective automatic shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (the “SEC”).
Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC were Joint Book-Running Managers for the senior secured notes offering. The offering was made only by means of a prospectus supplement dated August 6, 2026 and the accompanying base prospectus, copies of which, when available, may be obtained on the SEC’s website at www.sec.gov or by contacting Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: (800) 831-9146, E-mail: prospectus@citi.com; or by contacting Morgan Stanley & Co. LLC, c/o 180 Varick Street, New York, NY 10014, Attention: Prospectus Department, Telephone: (866) 718-1649, Email: Prospectus@morganstanley.com; or by contacting Wells Fargo Securities, LLC, c/o 608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402, Attention: WFS Customer Service, Email: wfscustomerservice@wellsfargo.com.
This press release is neither an offer to sell nor a solicitation of an offer to buy the Notes and shall not constitute an offer, solicitation or sale, nor is it an offer to purchase, or the solicitation of an offer to sell the Notes in any jurisdiction in which such offer, solicitation, or sale is unlawful.
About Charter
Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company with services available to nearly 59 million homes and small to large businesses across 41 states through its Spectrum brand. Founded in 1993, Charter has evolved from providing cable TV to streaming, and from high-speed Internet to a converged broadband, WiFi and mobile experience. Over the Spectrum Fiber Broadband Network and supported by our 100% U.S.-based employees, the Company offers Seamless Connectivity and Entertainment with Spectrum Internet®, Mobile, TV and Voice products.
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,” “future,” “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.
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Technology
Trip.com Group Releases 2025 Sustainability Report, Announces New Global Paid Paternity Leave Policy
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40 minutes agoon
August 7, 2026By
Trip.com Group to introduce global minimum of 20 days paid paternity leave for employees starting August 2026First online travel service provider in Asia Pacific with validated near-term and net-zero emissions targets by SBTiGroup launches USD 100 Million Tourism Innovation Fund, recognises industry innovation with annual awards at 2025 Global Partner Conference
SINGAPORE, Aug. 7, 2026 /PRNewswire/ — Trip.com Group announces new global 20-day paid paternity leave policy for employees, reinforcing its commitment to supporting families across its global workforce. The company further releases its 2025 Sustainability Report, highlighting progress in advancing climate action, empowering communities and driving innovation across the global tourism industry.
Among the report’s key milestones, Trip.com Group became the first online travel company in the Asia Pacific region to have both its near-term and net-zero greenhouse gas emissions reduction targets validated by the Science Based Targets initiative (SBTi). Together, these initiatives reflect the Group’s “Friendly Four” framework (family-friendly, community-friendly, environmentally-friendly, and stakeholder-friendly), which brings together its commitment to supporting families, communities, the environment, and industry partners while creating long-term value for travellers around the world.
“Travel connects people, cultures and communities, and we believe the future of travel must also create positive outcomes for the planet and society,” said Jane Sun, CEO of Trip.com Group. “Through our sustainability strategy, we are investing in our people, accelerating climate action and working with partners worldwide to build a more resilient tourism ecosystem.”
Supporting Families
Trip.com Group continued its commitment to a family-friendly workplace through its Childcare Subsidy, which has supported over 2,038 families since its launch. In 2025, 1,114 employees benefited from this initiative, supporting over 1,132 children, with annual expenses totalling approximately USD 1.6 million. During the reporting period, the Group also maintained a 100% return-to-work rate for female employees following maternity leave.
Building on this, Trip.com Group is introducing a global paternity leave policy that supplements local statutory entitlements and provides eligible employees with minimum of 20 days of paid paternity leave. The first phase will take effect on 1 August, covering selected markets across Asia, with additional regions joining later this year. By expanding support for working parents, the Group continues to foster a more inclusive workplace and promote a healthier balance between work and family life.
Alongside these initiatives, Trip.com Group continued advancing workplace diversity and inclusion. Women held 33.1% of senior management positions and 52.3% of management roles within key revenue-generating functions. The Group further promoted women in STEM-related positions, with women accounting for 33.0% of all related positions.
Empowering Communities
Trip.com Group expanded initiatives that make tourism more inclusive while delivering meaningful benefits to local communities.
The Group remains committed to empowering users via solutions that enhance the planning and booking experience. The ‘Trip for Everyone’ project focused on upgrading and unifying accessibility standards, covering colour contrast, scalable typography, screen reader compatibility, and keyboard navigation. The work was recognised with an iF Design Award for helping travellers with diverse physical and situational needs explore the world with more autonomy.
Trip.com Group continued expanding its Country Retreat programme, supporting approximately 11,000 indirect employment opportunities during the reporting year. The initiative has supported local economies by generating around 51,000 employment opportunities over the last five years, and has hired at least 80% of local staff across its 12 properties.
To help travellers access support in times of need, the Group’s Global SOS Platform was upgraded to support 24 languages and 20 travel emergency scenarios. By the end of 2025, the platform had handled more than 23,000 assistance requests across over 100 destinations.
Protecting the Future of Travel
Climate action remained a key priority as Trip.com Group continued to reduce its environmental footprint while making lower-carbon travel choices more accessible.
During the reporting period, the Group’s greenhouse gas emission reduction targets were officially validated by the Science Based Targets initiative (SBTi), making Trip.com Group the first online travel company in the Asia Pacific region to have both its near-term and net-zero emissions targets validated by the SBTi.
The Group also continued expanding its portfolio of more sustainable travel products across accommodation, flights, car rentals and rail. In 2025, 2.74 million users embraced lower-carbon business travel, generating 23.44 million lower-carbon travel bookings throughout the year.
Growing Tourism Together
Trip.com Group continued investing in the long-term growth of the tourism ecosystem through innovation, destination development, and stronger partnerships.
At its 2025 Global Partner Conference, the Group launched its USD 100 million Tourism Innovation Fund to support innovative tourism projects and cross-sector collaborations that encourage new destination growth models and differentiated visitor experiences. Supporting destinations also means helping local businesses connect with travellers. By the end of 2025, Trip.com Group offered more than 350,000 in-destination experiences worldwide, including dining and shopping experiences, day tours, attraction and performance tickets, and customised guided tours, creating new opportunities for tourism suppliers while enriching travellers’ journeys.
The full report provides further detail on Trip.com Group’s progress, key priorities, and its continued commitment to building a more inclusive, sustainable and resilient future for travel.
Read the full 2025 Sustainability Report here
About Trip.com Group
Trip.com Group is a global travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centres. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group is on the mission “to pursue the perfect trip for a better world”. Find out more about Trip.com Group here: group.trip.com.
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SOURCE Trip.com Group
Technology
Tencent Cloud Recognized as a Leader in Omdia’s Global Cloud Platforms for Games 2026 Report for Second Consecutive Year
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40 minutes agoon
August 7, 2026By
Recognition underscores Tencent Cloud’s commitment to empowering game developers with industry-leading AI-powered solutions and deep gaming expertise
HONG KONG, Aug. 7, 2026 /PRNewswire/ — Tencent Cloud, the cloud business of global technology company Tencent, has been named a “Leader” in the “Omdia Market Radar: Cloud Platforms for Games 2026” report. The company received the highest rating of “Advanced” in four key areas: Game Servers, Multiplayer Services, AI & Machine Learning, and LiveOps, highlighting its strengths across core gaming infrastructure, live operations, and AI-driven innovation for game developers worldwide.
Published by global market research and advisory firm Omdia, the report marks the second consecutive year Tencent Cloud has been recognized as a Market Leader. Omdia noted Tencent Cloud’s unique position in the gaming industry, with a cloud platform built on infrastructure originally developed to support Tencent’s own game portfolio. The report further recognized Tencent Cloud’s deep gaming expertise, extensive operational experience, and continued investment in AI-powered technologies that support game development, live operations, and player engagement.
Embedding AI Capabilities Across the Gaming Lifecycle
Over the past year, Tencent Cloud has made AI the cornerstone of its gaming solutions. Leveraging Tencent Games’ deep well of proprietary AI technology and operational experience, the company has successfully embedded large AI models and intelligent agents directly into the game development pipeline. Today, Tencent Cloud supports the entire game lifecycle, from initial art and design to coding, testing, live-ops, and growth. By automating and enhancing tasks like creative ideation, code generation, data analysis, and asset creation, Tencent Cloud empowers development teams to maximize their efficiency and focus on what matters most: unleashing their creativity.
Reflecting the growing adoption of AI in gaming, Tencent Cloud’s gaming AI solutions have supported more than 150 game developing companies over the past three months, while AI Agent usage across the gaming industry has increased by more than three times year-over-year. Tencent Cloud’s AI-powered productivity solutions such as CodeBuddy and WorkBuddy, help streamline coding, content production, project management, data analysis, and operational workflows, improving efficiency across both technical and non-technical teams.
AI in Action: Powering Games Across the Global Stage
For a live-service strategy RPG that spans multiple regions globally — like ZLONGAME’s Dragon Traveler — virtually every decision, from user acquisition and launch timing to version updates, hinges on data. The studio deployed WorkBuddy to fundamentally rethink how that data reaches the right teams. Instead of routing every request through a dedicated data team, operations, marketing, and customer service staff now pull insights on their own through WorkBuddy, dramatically shortening the time from question to action.
At Yoozoo Games, the focus has been on transforming content and creative production. With WorkBuddy now embedded across more than 75% of the workforce, non-technical roles — planners, artists, and marketers — can take a creative brief and, through AI agents, generate storyboard scripts, layer in images, video, and voiceovers, and deliver a finished video asset. A process that once took several days has been compressed to roughly 20 minutes, making AI-powered content creation part of the organization’s daily rhythm.
Yokaverse took AI directly into the player experience. Within its strategy card mobile game, Game of Heroes: Three Kingdoms, the studio integrated Tencent Cloud’s intelligent agent platform to deliver real-time hero recommendations, in-game strategy Q&A, and character introductions — giving players immediate, contextual advice on character selection, skill usage, and team composition right when they need it.
Giant Network pushed the concept even further by turning AI into the opponent. In titles including Super Sus, the studio worked with Tencent Cloud to build AI-driven NPC gameplay, where models power non-player characters that react and take actions in real time — making AI not just a tool behind the scenes, but a participant inside the game itself.
Driving the Future of Gaming Innovation
Today, Tencent Cloud’s global infrastructure footprint spans 23 geographic regions, 66 availability zones, and more than 3,000 acceleration nodes worldwide. Supporting customers across Asia Pacific, Europe, North America, and beyond, Tencent Cloud has become the preferred cloud provider for more than 98% of China’s leading game companies — including Xishanju, Perfect World Games, and Yokaverse — with its gaming AI capabilities spanning the full chain from data analysis and R&D efficiency to creative production and in-game experiences.
Looking ahead, Tencent Cloud will continue investing in AI technologies, intelligent agents, gaming-focused cloud solutions, and global infrastructure. With growing adoption across international markets, gaming remains a key pillar of Tencent Cloud’s growth strategy worldwide. By combining deep gaming expertise with continuous AI innovations, Tencent Cloud remains committed to helping developers work smarter, empowering them to create the next generation of engaging, immersive gaming experiences for a global audience.
About Tencent Cloud:
Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation.
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SOURCE Tencent Cloud
Technology
Charter Announces Pricing Terms For Debt Exchange Offers
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2 hours agoon
August 7, 2026By
STAMFORD, Conn., Aug. 6, 2026 /PRNewswire/ — Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, “Charter”) announced today the pricing terms for the previously announced private offer (the “Pool 1 Offer”) by its wholly-owned subsidiaries, Charter Communications Operating, LLC (“CCO”), Charter Communications Operating Capital Corp. (“CCO Capital” and, together with CCO, collectively, the “CCO Issuers” or the “Company”) and Time Warner Cable, LLC (the “TWC Issuer” and, together with CCO Issuers, the “Old Notes Issuers”), as applicable, to exchange seven series of notes issued by the CCO Issuers or the TWC Issuer, as applicable (collectively, the “Pool 1 Notes”), for a combination of cash consideration and a new series of Senior Secured Notes due 2038 (the “New 2038 Notes”) to be issued by the CCO Issuers in an aggregate principal amount not greater than $2,000,000,000 (the “New 2038 Notes Cap”), as described in the table below. For each $1,000 principal amount of Pool 1 Notes validly tendered and not validly withdrawn prior to 5:00 p.m., New York City time, on August 5, 2026 and accepted by the applicable Old Notes Issuers, the following table sets forth the yields, the total exchange consideration and the amount of cash component, as priced below:
Issuer(s)
Title of Security
Aggregate Principal Amount Outstanding
CUSIP No./ ISIN(1)
Acceptance Priority Level(2)
Sub-Cap(2)
Reference U.S. Treasury Security
Reference Yield(3)
Fixed Spread (Basis Points)
Exchange Offer Yield(4)
Early Exchange Premium(5)(6)
Total Exchange Consideration(6)
Cash
Component(7)
CCO Issuers
3.500% senior secured notes due 2042
$1,236,000,000
161175CE2 / US161175CE27
1
N/A
5.000% due May 15, 2046
5.186 %
+165 Bps
6.836 %
$50.00
$683.52
$95.00
3.500% senior secured notes due 2041
$1,479,000,000
161175BZ6 / US161175BZ64
2
N/A
4.375% due May 15, 2036
4.637 %
+215 Bps
6.787 %
$50.00
$695.94
$130.00
Time Warner Cable, LLC (“TWC Issuer” or “TWC”)
4.500% senior debentures due 2042
$1,250,000,000
88732JBD9 / US88732JBD90
3
$ 614,423,000
5.000% due May 15, 2046
5.186 %
+190 Bps
7.086 %
$50.00
$754.01
$305.00
CCO Issuers
5.375% senior secured notes due 2047
$2,265,000,000
161175BL7 / US161175BL78
161175BD5
US161175BD52
4
N/A
5.000% due May 15, 2046
5.186 %
+215 Bps
7.336 %
$50.00
$792.65
$120.00
2.300% senior secured notes due 2032
$1,000,000,000
161175BX1 / US161175BX17
5
N/A
4.125% due June 30, 2031
4.355 %
+110 Bps
5.455 %
$50.00
$852.51
$0.00
2.800% senior secured notes due 2031
$1,590,000,000
161175BU7 / US161175BU77
6
N/A
4.125% due June 30, 2031
4.355 %
+110 Bps
5.455 %
$50.00
$892.49
$0.00
2.250% senior secured notes due 2029
$1,250,000,000
161175CD4 / US161175CD44
7
N/A
4.125% due July 15, 2029
4.270 %
+80 Bps
5.070 %
$50.00
$936.39
$0.00
____________________
(1)
No representation is made as to the correctness or accuracy of the CUSIP or ISIN numbers listed in the Offering Memorandum (as defined below). Such CUSIP and ISIN numbers are provided solely for the convenience of the holders of Pool 1 Notes.
(2)
Subject to the New 2038 Notes Cap and, solely with respect to the 4.500% senior debentures due 2042 issued by the TWC Issuer (the “4.500% Note”), the sub-cap with respect to the aggregate principal amount of such series set forth in this table (the “4.500% Notes Sub-Cap”) and proration, the principal amount of each series of Pool 1 Notes that is exchanged in the Pool 1 Offer will be determined in accordance with the applicable Acceptance Priority Level (in numerical priority order with 1 being the highest Acceptance Priority Level and 7 being the lowest) specified in this column.
(3)
Represents the yield to maturity based on the bid side price of the Reference U.S. Treasury Security specified on this table for each series of Old Notes, as calculated by the Joint Lead Dealer Managers at the Pricing Time (as defined below).
(4)
Represents the sum of (i) the Reference Yield set forth in this table and (ii) the applicable Fixed Spread specified for each series of Pool 1 Notes set forth in this table.
(5)
Per $1,000 principal amount of the Pool 1 Notes validly tendered prior to or at the Early Tender Date (as defined below) (and not validly withdrawn at or prior to the Withdrawal Deadline (as defined below)) and accepted for exchange, to be paid in the form of New 2038 Notes.
(6)
Per $1,000 principal amount of the Pool 1 Notes validly tendered prior to or at the Early Tender Date (and not validly withdrawn at or prior to the Withdrawal Deadline) and accepted for exchange, which will be divided into (i) a cash payment equal to the applicable Cash Component and (ii) a principal amount of New 2038 Notes equal to the Total Exchange Consideration minus such Cash Component. The Total Exchange Consideration is inclusive of the Early Exchange Premium.
(7)
Represents the portion of the Total Exchange Consideration for the Pool 1 Notes that will be payable in cash per $1,000 principal amount of Pool 1 Notes validly tendered and accepted for exchange.
Charter also announced today the pricing terms for the previously announced private offer (the “Pool 2 Offer” and, together with the Pool 1 Offer, the “Exchange Offers”) by the CCO Issuers to exchange five series of notes (collectively, the “Pool 2 Notes” and, together with the Pool 1 Notes, the “Old Notes” and each series of Old Notes, a “series of Old Notes”) for a combination of cash and a new series of Senior Secured Notes due 2041 (the “New 2041 Notes” and, together with the New 2038 Notes, the “New Notes” and each series of New Notes, a “series of New Notes”) to be issued by the CCO Issuers in an aggregate principal amount not greater than $2,000,000,000 (the “New 2041 Notes Cap”), as described in the table below. For each $1,000 principal amount of Pool 2 Notes validly tendered and not validly withdrawn prior to 5:00 p.m., New York City time, on August 5, 2026 and accepted by the CCO Issuers, the following table sets forth the yields, the total exchange consideration and the amount of cash component, as priced below:
Issuer(s)
Title of Security
Aggregate Principal Amount Outstanding
CUSIP No./ ISIN(1)
Acceptance Priority Level(2)
Sub-Cap(2)
Reference U.S. Treasury Security
Reference Yield(3)
Fixed Spread (Basis Points)
Exchange Offer Yield(4)
Early Exchange Premium(5)(6)
Total Exchange Consideration(6)
Cash
Component(7)
CCO Issuers
3.700% senior secured notes due 2051
$2,050,000,000
161175BV5 / US161175BV50
1
N/A
4.750% due February 15, 2056
5.187 %
+190 Bps
7.087 %
$50.00
$607.96
$0.00
3.900% senior secured notes due 2052
$2,400,000,000
161175CA0 / US161175CA05
2
N/A
4.750% due February 15, 2056
5.187 %
+195 Bps
7.137 %
$50.00
$620.63
$0.00
4.800% senior secured notes due 2050
$2,473,000,000
161175BT0 / US161175BT05
3
N/A
4.750% due February 15, 2056
5.187 %
+205 Bps
7.237 %
$50.00
$726.33
$117.50
5.125% senior secured notes due 2049
$1,244,000,000
161175BS2 / US161175BS22
4
N/A
5.000% due May 15, 2046
5.186 %
+220 Bps
7.386 %
$50.00
$752.01
$150.00
5.250% senior secured notes due 2053
$1,500,000,000
161175CK8 / US161175CK86
5
N/A
4.750% due February 15, 2056
5.187 %
+210 Bps
7.287 %
$50.00
$761.91
$190.00
____________________
(1)
No representation is made as to the correctness or accuracy of the CUSIP or ISIN numbers listed in the Offering Memorandum. Such CUSIP and ISIN numbers are provided solely for the convenience of the holders of Pool 2 Notes.
(2)
Subject to the New 2041 Notes Cap and proration, the principal amount of each series of Pool 2 Notes that is exchanged in the Pool 2 Offer will be determined in accordance with the applicable Acceptance Priority Level (in numerical priority order with 1 being the highest Acceptance Priority Level and 5 being the lowest) specified in this column.
(3)
Represents the yield to maturity based on the bid side price of the Reference U.S. Treasury Security specified on this table for each series of Old Notes, as calculated by the Joint Lead Dealer Managers at the Pricing Time.
(4)
Represents the sum of (i) the Reference Yield set forth in this table and (ii) the applicable Fixed Spread specified for each series of Pool 2 Notes set forth in this table.
(5)
Per $1,000 principal amount of the Pool 2 Notes validly tendered prior to or at the Early Tender Date (and not validly withdrawn at or prior to the Withdrawal Deadline) and accepted for exchange, to be paid in the form of New 2041 Notes.
(6)
Per $1,000 principal amount of the Pool 2 Notes validly tendered prior to or at the Early Tender Date (and not validly withdrawn at or prior to the Withdrawal Deadline) and accepted for exchange, which will be divided into (i) a cash payment equal to the applicable Cash Component and (ii) a principal amount of New 2041 Notes equal to the Total Exchange Consideration minus such Cash Component. The Total Exchange Consideration is inclusive of the Early Exchange Premium.
(7)
Represents the portion of the Total Exchange Consideration for the Pool 2 Notes that will be payable in cash per $1,000 principal amount of Pool 2 Notes validly tendered and accepted for exchange.
In addition, Eligible Holders (as defined below) whose Old Notes are validly tendered (not validly withdrawn) and accepted for exchange pursuant to the terms of the applicable Exchange Offers will receive in cash accrued and unpaid interest from the last applicable interest payment date to, but excluding, the date on which the exchange of such Old Notes is settled, less the amount of any pre-issuance interest on the New Notes exchanged therefor, and amounts due in lieu of fractional amounts of New Notes.
Based on the principal amount of Old Notes validly tendered and not validly withdrawn prior to 5:00 p.m., New York City time, on August 5, 2026 and in accordance with the terms of the Exchange Offers, the Old Notes Issuers expect to accept, on August 12, 2026, (i) all of the Pool 1 Notes at Acceptance Priority Levels 1 through 7 and (ii) all of the Pool 2 Notes at Acceptance Priority Levels 1 through 5.
The Exchange Offers described in this press release are being conducted upon the terms and subject to the conditions set forth in the offering memorandum, dated July 23, 2026 (as amended and/or supplemented from time to time, the “Offering Memorandum”).
Eligible Holders of Old Notes who validly tendered their Old Notes at or before 5:00 p.m., New York City time, on August 5, 2026 (the “Early Tender Date”), who did not validly withdraw their tenders and whose Old Notes are accepted for exchange, will receive an early exchange premium as set forth in the tables above (the “Early Exchange Premium”). The aggregate principal amount of 4.500% Notes tendered as of the Early Tender Date is equal to the 4.500% Notes Sub-Cap and as such no additional 4.500% Notes tendered after the Early Tender Date will be accepted.
The yield on the New 2038 Notes will be 7.087%, and the new issue price of the New 2038 Notes will be $1,000, which has been determined by reference to the bid-side yield on the 4.375% U.S. Treasury Notes due May 15, 2036, as of 10:00 a.m., New York City time, on August 6, 2026 (such date and time, the “Pricing Time”), which was 4.637%, plus 2.450%, rounded to the nearest 0.001%. The yield on the New 2041 Notes will be 7.337%, and the new issue price of the New 2041 Notes will be $1,000, which has been determined by reference to the bid-side yield on the 4.375% U.S. Treasury Notes due May 15, 2036, as of the Pricing Time, which was 4.637%, plus 2.700%, rounded to the nearest 0.001%.
The Exchange Offers will expire at 5:00 p.m., New York City time, on August 20, 2026, unless extended or earlier terminated by the Company (the “Expiration Date”). The withdrawal deadline for the Exchange Offers occurred at 5:00 p.m., New York City time, on August 5, 2026 (the “Withdrawal Deadline”). As a result, tenders of Old Notes submitted in the Exchange Offers after the Withdrawal Deadline will be irrevocable except in the limited circumstances where additional withdrawal rights are required by law (as determined by the Company).
The New Notes and related guarantees and the offering thereof have not been registered with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Securities Act”), or any state or foreign securities laws. The New Notes and related guarantees may not be offered or sold in the United States or to any U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Exchange Offers are only being made, and the New Notes and related guarantees are only being offered and will only be issued to holders of Old Notes who are (1) reasonably believed to be “qualified institutional buyers” as defined in Rule 144A under the Securities Act (“Rule 144A”) or (2) outside the United States to persons other than “U.S. persons” as defined in Rule 902 under the Securities Act in offshore transactions in compliance with Regulation S under the Securities Act (“Regulation S”) (such holders, the “Eligible Holders”). Only Eligible Holders who have properly completed and returned the eligibility certification, which is available from the information agent, are authorized to receive and review the Offering Memorandum and to participate in the Exchange Offers. Additionally, in order to participate in the Exchange Offers, Eligible Holders located in Canada are required to complete, sign and submit to the information agent a Canadian Eligibility Form (which is available from the information agent). There is no separate letter of transmittal in connection with the Offering Memorandum.
Holders are advised to check with any bank, securities broker or other intermediary through which they hold Old Notes as to when such intermediary needs to receive instructions from a holder in order for that holder to be able to participate in, or (in the circumstances in which revocation is permitted) revoke their instruction to participate in the Exchange Offers before the deadlines specified herein and in the Offering Memorandum, eligibility certification and Canadian Eligibility Form. The deadlines set by each clearing system for the submission and withdrawal of exchange instructions will also be earlier than the relevant deadlines specified herein and in the Offering Memorandum, eligibility certification and Canadian Eligibility Form.
This press release is not an offer to sell or a solicitation of an offer to buy any of the securities described herein. The Exchange Offers are being made solely by the Offering Memorandum and only to such persons and in such jurisdictions as is permitted under applicable law.
Barclays Capital Inc., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are serving as the joint lead dealer managers for the Exchange Offers, and BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are serving as the co-dealer managers for the Exchange Offers. Questions regarding the Exchange Offers may be directed to Barclays Capital Inc., Liability Management Group at (800) 438-3242 (toll free) or (212) 528-7581 (collect), Citigroup Global Markets Inc., Liability Management Group at (800) 558-3745 (toll free) or (212) 723-6106 (collect) or Morgan Stanley & Co. LLC, Liability Management Group at (800) 624-1808 (toll free) or (212) 761-1057 (collect).
D.F. King & Co., Inc. will act as the exchange agent and information agent for the Exchange Offers. Documents relating to the Exchange Offers will only be distributed to holders of Old Notes who certify that they are Eligible Holders. Questions or requests for assistance related to the Exchange Offers or for additional copies of the Offering Memorandum, eligibility certification or Canadian beneficial holder form may be directed to D.F. King & Co., Inc. at (888) 644-5854 (toll-free) or (646) 981-1289 (banks and brokers) or by email at charter@dfking.com. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Exchange Offers. The Offering Memorandum, eligibility certification and Canadian beneficial holder form can be accessed at the following link: www.dfking.com/charter.
About Charter
Charter Communications, Inc. (NASDAQ: CHTR) is a leading broadband connectivity company with services available to nearly 59 million homes and small to large businesses across 41 states through its Spectrum brand. Founded in 1993, Charter has evolved from providing cable TV to streaming, and from high-speed Internet to a converged broadband, WiFi and mobile experience. Over the Spectrum Fiber Broadband Network and supported by our 100% U.S.-based employees, the company offers Seamless Connectivity and Entertainment with Spectrum Internet®, Mobile, TV and Voice products.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This press release 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 Exchange Offers. 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 Charter’s filings with the SEC. Many of the forward-looking statements contained in this press release may be identified by the use of forward-looking words such as “believe,” “future,” “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 the Company or any person acting on our behalf are expressly qualified in their entirety by this cautionary statement. The Company is under no duty or obligation to update any of the forward-looking statements after the date of this press release.
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SOURCE Charter Communications, Inc.
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