Charter M&A debt: Order books nearing $40B

• Charter Communications (CHTR +0.3%) saw enough green in today's market to pursue its high-grade debt funding this morning for a Time Warner Cable takeover, and order books are reportedly approaching $40B, Reuters reports.
• The company brought a six-part bond sale earlier today, part of seeking a funding package of up to $31B in order to pursue the $56B acquisition.
• Charter's expected to hit the high-yield market next week.
• Previously: Charter announces six-part bond for TWC pursuit (Jul. 09 2015)