Kirkland Leads Charter In $1.6B Debt Buyback

Law360, New York (April 14, 2010, 1:51 PM EDT) -- Cable provider Charter Communications Inc. said Wednesday it would issue $1.6 billion in new debt so two of the company's subsidiaries could buy back $1.57 billion in debt.

COO Holdings LLC will make a tender offer to repurchase $800 million of senior notes with an 8.75 percent interest rate, due in 2013. Charter Operating LLC will make a $700 million tender offer of senior second-lien notes with an 8.375 percent interest rate, due in 2014.

Charter will finance the offer by issuing $1.6 billion in senior...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.