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Bloomberg: Charter seeking $13.8B in debt for TWC purchase

Jun. 18, 2015 10:19 AM ETCharter Communications, Inc. (CHTR) StockCHTRBy: Jason Aycock, SA News Editor
  • Charter Communications (CHTR +0.4%) is looking for $13.8B in bridge loans to finance a $55B purchase of Time Warner Cable (TWC +0.2%), Bloomberg reports.
  • The package would include a $6B secured loan and two unsecured pieces coming to $7.8B.
  • It suggests a progressing timetable for the deal, since investors need to commit by June 24 and the bridge financing would eventually surely be replaced by longer-term debt.
  • Credit Suisse, Goldman Sachs, BofA, Deutsche Bank and UBS are arranging the deal.

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