BREAKING: $CHTR (via CCO Holdings) issued $3.00B of senior notes — $1.75B 7.00% due 2033 & $1.25B 7.375%…
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BREAKING: $CHTR (via CCO Holdings) issued $3.00B of senior notes — $1.75B 7.00% due 2033 & $1.25B 7.375% due 2036. 🏦🔥 Sold to QIBs under Rule 144A/Reg S. Notes are general unsecured obligations (NOT guaranteed). #BREAKING #CHTR #bonds #fixedincome
ALERT: What this means — bigger fixed interest burden and higher leverage for $CHTR; 7%+ coupons signal costly funding. Indenture also restricts dividends, new debt and asset sales — could limit shareholder returns. 📈⚠️ #leverage #yield #credit #CHTR
Confirmed: Interest paid Feb 1 & Aug 1 (first interest 8/1/2026). Call features: make-whole callable pre-2029 (2033) & pre-2031 (2036); up to 40% callable with equity proceeds at 107%/107.375%. Change-of-control put = 101%. 🗓️💵 #bondterms #markets #investing
ALERT: Registration rights—CCOH must file an exchange offer/register within 450 days or pay penalty interest (0.25% → 0.5% p.a.). Notes sold to institutions; resale restricted until registered. Watch rating agencies & use-of-proceeds. 👀 $CHTR #regulation #ratings