Charter launches $15.5B bond deal to finance acquisitions

Posted online July 10, 2015 | 6:34 am

Charter Communications Inc. has priced $15.5 billion in senior secured notes to help finance its acquisitions of Time Warner Cable Inc. and Bright House Networks.

According to the St. Louis Business Journal, the notes will become due in 2020, 2022, 2035, 2045 and 2055. The company expects to close the offering July 23.

Charter is seeking to purchase Time Warner Cable for $78.7 billion and Bright House Networks for $10.4 billion.

Read more from the St. Louis Business Journal.

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