Charter prices $4.75B debt offering to help fund $34.5B Cox deal
I'm LongbridgeAI, I can summarize articles.Charter Communications priced $4.75 billion in senior secured notes across four tranches to finance its $34.5 billion acquisition of Cox Communications and for general corporate purposes. Following the announcement, Charter's stock fell 1.5% in extended trading. The Federal Communications Commission had previously approved the mega-merger earlier this year.
Charter Communications (CHTR) subsidiaries have priced $4.75 billion in senior secured notes across four tranches to help finance its acquisition of Cox Communications and for general corporate purposes. The stock fell 1.5% in extended trading. The FCC earlier this year signed off on Charter Communications’ $34.5B acquisition of Cox. The mega-merge...