Charter Adds Cox Entities as Guarantors Across Combined Debt Structure
Filed with the SEC on · Summarized by InvestorsBot
Charter and its subsidiaries entered into supplemental credit and note agreements with Bank of America, The Bank of New York Mellon Trust Company, and The Bank of New York after completing the Cox Communications transaction. Certain Cox entities became guarantors and pledged substantially all of their assets and directly owned equity interests as collateral, while Charter subsidiaries also guaranteed Cox debt; as a result, the secured notes and Charter Credit Agreement now rank pari passu and share the same collateral and obligors.