Key Developments: Charter Communications Inc (CHTR.OQ)

CHTR.OQ on NASDAQ Stock Exchange Global Select Market

169.70USD
1:00pm EST
Price Change (% chg)

$1.65 (+0.98%)
Prev Close
$168.05
Open
$168.35
Day's High
$169.73
Day's Low
$168.25
Volume
135,837
Avg. Vol
339,568
52-wk High
$169.73
52-wk Low
$116.78

Search Stocks

Latest Key Developments (Source: Significant Developments)

Charter Communications Inc closes on $3.5 billion senior unsecured notes
Wednesday, 5 Nov 2014 04:17pm EST 

Charter Communications Inc:Says its subsidiary, CCOH Safari, LLC, closed on the public sale of $3.5 bln of senior unsecured notes in two tranches, due in 2022 and 2024.2022 Notes total $1.5 bln in aggregate principal amount and bear an interest rate of 5.50 pct per annum.2024 Notes total $2.0 bln in aggregate principal amount and bear an interest rate of 5.75 pct per annum.The Notes were issued at par.Notes resulted in net proceeds to Charter of about $3.46 bln after deducting underwriting discounts and commissions.Charter intends to use the net proceeds from the sale of the Notes to finance Charter's previously announced acquisition, from Comcast Corporation, of cable systems serving about 1.5 mln Time Warner Cable Inc. (TWC) video customers.Net proceeds may also be used for any true up payment made by Charter to Comcast associated with the previously announced asset transfer between Charter and Comcast of cable systems.  Full Article

Charter Communications Inc prices $3.5 billion senior unsecured notes
Wednesday, 29 Oct 2014 07:03pm EDT 

Charter Communications Inc:Says that its subsidiary, CCOH Safari, LLC, has priced $3.5 billion of senior unsecured notes due 2022 and 2024.2022 notes will bear interest rate of 5.50 pct. per annum and will be issued at price of 100.0 pct. of aggregate principal amount of $1.5 billion.2024 notes will bear an interest rate of 5.75 pct. per annum and will be issued at price of 100.0 pct. of aggregate principal amount of $2.0 billion.Notes will result in net proceeds to Charter of about $3.46 billion after deducting underwriting discounts and commissions.Intends to use net proceeds from sale of notes to finance Charter's previously announced acquisition, from Comcast Corporation, of cable systems serving about 1.5 million Time Warner Cable Inc video customers.Net proceeds may also be used for any 'true up' payment made by Charter to Comcast associated with previously announced asset transfer between Charter.And Comcast of cable systems serving about 1.5 million TWC video customers and about 1.6 million Charter video customers, and transaction and financing expenses.Expects to close offering of notes on Nov. 5.  Full Article

Charter offers $1.5 bln senior unsecured notes
Wednesday, 29 Oct 2014 08:30am EDT 

Charter Communications Inc:Announced that its subsidiary, CCOH Safari, LLC, intends to publicly offer $1.5 bln in aggregate principal amount of senior unsecured notes due 2022 and 2024.Offering and sale of the Notes will be made pursuant to an effective automatic shelf registration statement on Form S-3 filed with the Securities and Exchange Commission.Charter intends to use the net proceeds from the sale of notes to finance Charter's previously announced acquisition, from Comcast Corporation (Comcast), of cable systems serving about 1.5 mln Time Warner Cable Inc. (TWC) video customers.Net proceeds may also be used for any true up payment made by Charter to Comcast associated with previously announced asset transfer between Charter and Comcast of cable systems serving about 1.5 mln TWC video customers and.Says about 1.6 mln Charter video customers, and transaction and financing expenses.Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated will act as the Joint Book-Running Managers for the offeri.  Full Article

Charter Communications Inc closes on $3.5 bln term loan G senior secured credit facility
Friday, 12 Sep 2014 04:05pm EDT 

Charter Communications Inc:Announced that on Sept. 12, its unrestricted subsidiary, CCO Safari, LLC entered into a Term Loan G senior secured credit facility pursuant to the terms of the Charter Communications Operating, LLC (Charter Operating) Amended and Restated Credit Agreement, providing for $3.5 bln of term loans.Final maturity date of the term loans is Sept. 12, 2021.All funds from the new term loans will remain in escrow at CCO Safari, LLC until the closing of the previously announced transactions between Charter and Comcast Corporation, at which time the Term Loan G senior secured credit facility will become an obligation of Charter Operating.Pricing on the new term loans was set at LIBOR plus 350 basis points, with a 75 bps LIBOR floor.New term loans were issued with 0.5 pct of original issue discount.New term loans will be used to finance Charter's acquisition, from Comcast, of cable systems serving about 1.5 million Time Warner Cable, Inc. video customers.  Full Article

ESPN and Charter Communications Inc sign distribution agreement for SEC Network
Wednesday, 6 Aug 2014 01:00pm EDT 

ESPN and Charter Communications:Reaches agreement for distribution of SEC Network when channel launches on Aug. 14, 2014.Network will be available to fans and followers of Southeastern Conference in all Charter markets.Subscribers will also have authenticated access to additional live events scheduled for SEC Network's digital platforms.Including WatchESPN and SECNetwork.com with ability to watch SEC Network live and on-demand content anytime, anywhere on their television, computer, tablet or mobile devices.With addition of Charter, SEC Network will be available to more than 91 mln households nationwide.  Full Article

Charter Communications Inc eyes Time Warner Cable's East Coast markets - Reuters
Friday, 24 Jan 2014 08:21pm EST 

Charter Communications Inc:Says it is in talks with Charter about a possible deal to acquire parts of Time Warner Cable - Reuters.According to a person familiar with the matter said it would be interested in an agreement that gives Comcast the New York market and parts of New England.The Comcast is interested in acquiring Time Warner Cable's New York City market since it already has operations in neighboring Connecticut and New Jersey, the person added.In one scenario being discussed between the two companies, Charter would first acquire Time Warner Cable, and then later sell off markets to Comcast to generate cash.The timing of an agreement between Comcast and Charter was not yet known and talks could fall apart at any time, the person cautioned.The company was unlikely to make a bid for all of Time Warner at $150 or $160 per share, the person added.Says Charter offered to buy Time Warner Cable for $132.50 per share, or $37.3 billion based on shares outstanding.Says Time Warner Cable rejected that bid as too low and said it would consider a deal at $160 per share.  Full Article

Time Warner Cable Inc's board of directors unanimously rejects third grossly inadequate proposal from Charter Communications Inc
Monday, 13 Jan 2014 06:38pm EST 

Time Warner Cable Inc:Says that its board of directors has unanimously rejected a third grossly inadequate proposal from Charter Communications Inc to acquire TWC.Says the proposal was described only generally in a letter received today from Charter as being in the 'ow $130s.Says based on an interview with Charter CEO, Tom Rutledge, Bloomberg reported that the offer was for $132.50, consisting of $83.00 in cash and $49.50 in Charter stock.Says Charter had previously offered cash and stock nominally valued at about $114 in June and about $127 in Oct.Says Morgan Stanley, Allen & Company and Citigroup are serving as financial advisors to Time Warner Cable, and Paul, Weiss, Rifkind, Wharton & Garrison LLP is legal counsel.  Full Article

Charter Communications Inc Proposes Merger With Time Warner Cable Inc
Monday, 13 Jan 2014 04:30pm EST 

Charter Communications Inc:Says that it has sent a letter to Time Warner Cable proposing that the companies immediately engage in discussions to conclude a merger agreement to combine the companies.  Full Article

Charter Communications Inc prepares Time Warner Cable Inc offer at below $135/shr - Reuters
Friday, 13 Dec 2013 11:44am EST 

Charter Communications Inc:Charter Communications Inc is preparing to send an offer letter to acquire Time Warner Cable Inc as soon as next week - Reuters.The offer is expected to be less than $135 per Time Warner Cable share and will be a combination of cash and stock.  Full Article

Charter Communications Inc To Replace BMC Software Inc On NASDAQ-100 Index Beginning July 25, 2013
Thursday, 18 Jul 2013 08:05pm EDT 

Charter Communications Inc announced that it will become a component of the NASDAQ-100 Index and the NASDAQ-100 Equal Weighted Index prior to market open on July 25, 2013. Charter Communications, Inc. will replace BMC Software Inc.  Full Article

U.S. senator asks Internet providers to commit to no 'fast lanes'

WASHINGTON, Oct 23 - U.S. Senate Judiciary Committee Chairman Patrick Leahy on Thursday pressed large Internet providers to pledge that they will not strike deals that may help some websites load faster than others or give similar "fast lanes" to affiliated services.

Search Stocks