Charter Refinances $1.1 Billion

Charter Communications closed on the sale of $1.1 billion in aggregate principal amount of senior unsecured notes due 2019. The notes bear an interest rate of 7.00 percent per annum and were issued at a price of 99.246 percent of the aggregate principal amount. Charter said the funds would be used to repay outstanding term loan borrowings under its subsidiary’s credit facility.
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