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Charter units sell $1.5B in senior debt

Published 07/03/2018, 06:50 PM
© Reuters.  Charter units sell $1.5B in senior debt
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  • Charter Communications (NASDAQ:CHTR) has closed on $1.5B in senior secured debt.
  • The company sold $1.1B in senior secured fixed rate notes due 2024, bearing interest at 4.5%/annum, issued at 99.893% of aggregate principal.
  • It also sold $400M in senior secured floating rate notes due 2024; they bear interest at three-month Libor (reset quarterly) plus 165 basis points. Those were issued at 100% of principal.
  • Total debt at most recent report was just under $71B; the company reported $576M in cash.
  • Now read: Motorola (NYSE:MSI) wins round in patent dispute against Hytera


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