Charter Communications (NASDAQ:CHTR) has priced a $2B debt offering it announced today.
The cableco priced $500M in senior unsecured notes due 2030, which will bear interest at 4.75% per annum. They'll be issued at 101.25% of principal amount.
It also priced $1.5B in senior secured notes due 2050, bearing interest at 4.8% per annum and issued at 99.436% of principal.
Net proceeds from both sales will go to general purposes, which could include potential buybacks and/or to repay indebtedness.
Total debt in Charter's most recent report was $74.7B.
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