Charter Prices $2.8 Billion Senior Secured Notes

About this update from Charter Communications, Inc.

STAMFORD, Conn., May 18, 2021 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that its subsidiaries, Charter Communications Operating, LLC and Charter Communications Operating Capital Corp. (collectively, the "Issuers"), have priced $2.8 billion in aggregate principal amount of notes consisting of the following securities: $1.4 billion in aggregate principal amount of Senior Secured Notes due 2052 (the "2052 Notes"). The 2052 Notes will form a part of the same series as the Issuers' Senior Secured Notes due 2052 issued on March 4, 2021, which bear interest at a rate of 3.900% per annum. The 2052 Notes will be issued at a price of 95.578% of the aggregate principal amount. $1.4 billion in aggregate principal amount of Senior Secured Notes due 2061 (the "2061 Notes," and together with the 2052 Notes, the "Notes"). The 2061 Notes will bear interest at a rate of 4.400% per annum and will be issued at a price of 99.906% of the aggregate principal amount.Charter intends to use the net proceeds from the sale of the Notes for general corporate purposes, including to fund potential buybacks of Class A common stock of Charter and common units of Charter Communications Holdings, LLC, to repay certain indebtedness and to pay related fees and expenses. Charter expects to close the offering of the Notes on June 2, 2021, 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"). Deutsche Bank Securities Inc., Mizuho Securities USA LLC and Morgan Stanley & Co LLC were Joint Book-Running Managers for the Notes offering. The offering was made only by means of a prospectus supplement dated May 18, 2021 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 Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005; Telephone: (800) 503-4611; E-mail: [email protected], or by contacting Mizuho Securities USA LLC, Attention: Debt Capital Markets, 1271 Avenue of the Americas, New York, NY 10022, Telephone: (866) 271-7403, or by contacting Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Flo...

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