Charter extends note exchange deadline
Charter Communications said it’s extending the expiration date of its offer to exchange $976.8 million of the outstanding $1.766 billion aggregate principal amount of senior notes due 2016 until the end of this week.
The sale was supposed to close at the end of last week.
The exchange of notes, which are not registered under the Securities Act of 1933, is for a like aggregate principal amount of new senior notes with the same due date, which are registered under the Securities Act of 1933. The outstanding notes were issued in a private placement in November 2009.
All other terms of the exchange offer remain unchanged, the company said.
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