April 15, 2010 (FinancialWire) – Charter Communications, Inc. (OTCBB: CCMM) said that its subsidiary, CCO Holdings, LLC plans to offer for sale an aggregate of $1.6 billion principal amount in two tranches of senior notes due 2018 and senior notes due 2020.  

Charter said it will use the net proceeds to finance  tender offers for any and all of CCO Holdings' outstanding 8.750% senior notes due 2013 ($800 million aggregate principal amount outstanding) and any and all of Charter Communications Operating, LLC's  outstanding 8.375% senior second lien notes due 2014 ($770 million aggregate principal amount outstanding).

Missouri-based Charter Communications is a cable operator in the United States. Charter provides video, high-speed internet, and telephone services to around 5.5 million residential and business customers in 27 states.

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[hlmsmlh] [cmmsmda] [fnncngj]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.