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Charter Closes $2.0 Billion Senior Secured Notes
Prnewswire· 2025-09-02 20:15
Group 1 - Charter Communications, Inc. has successfully closed an offering of $2.0 billion in aggregate principal amount of notes [1] - The offering includes $1.25 billion of Senior Secured Notes due 2035 with an interest rate of 5.850% and $750 million of Senior Secured Notes due 2055 with an interest rate of 6.700% [6] - The notes were issued under an effective automatic shelf registration statement filed with the SEC [1][2] Group 2 - Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC acted as Joint Book-Running Managers for the offering [2] - The offering was conducted via a prospectus supplement dated August 18, 2025 [2] - Charter Communications operates under the Spectrum brand, providing services to over 57 million homes and businesses across 41 states [4]
Contact Levi & Korsinsky by October 14, 2025 Deadline to Join Class Action Against Charter Communications, Inc.(CHTR)
GlobeNewswire News Room· 2025-09-02 19:44
Core Viewpoint - A class action securities lawsuit has been filed against Charter Communications, Inc. alleging securities fraud that adversely affected investors during a specific time frame [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover losses for investors who purchased or acquired Charter securities, including call options and sold put options, between July 26, 2024, and July 24, 2025 [2]. - The complaint alleges that the defendants made false statements and concealed material information regarding the impact of the Affordable Connectivity Program (ACP) ending, which affected Internet customer declines and revenue [3]. - It is claimed that the company failed to manage the impact of the ACP ending and did not execute broader operations effectively to compensate for the resulting declines [3]. Group 2: Implications for Investors - Investors who suffered losses during the relevant time frame have until October 14, 2025, to request to be appointed as lead plaintiff, although participation does not require this [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securing compensation for shareholders and has been recognized as one of the top securities litigation firms in the United States [5].
CHTR FRAUD ALERT: Did Charter Communications, Inc. Mislead Investors? Contact BFA Law about the Securities Class Action before October 14 Deadline
GlobeNewswire News Room· 2025-09-02 11:13
Core Viewpoint - A lawsuit has been filed against Charter Communications, Inc. and certain senior executives for potential violations of federal securities laws, particularly related to the impact of the Affordable Connectivity Program's termination on the company's customer base and earnings [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Southern District of New York, captioned Sandoval v. Charter Communications, Inc., No. 1:25-cv-06747, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until October 14, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Charter is a leading broadband and cable operator that participated in the FCC's Affordable Connectivity Program (ACP), which provided funding to subsidize high-speed internet plans for low-income households [3]. - The ACP ended in June 2024 due to a lack of federal funding, leading to customer declines for Charter [3]. Group 3: Financial Impact - During the relevant period, Charter claimed to have successfully managed the risks associated with the end of the ACP, stating that the impact was behind them [4]. - However, the company continued to experience declines in internet customers and revenue, contradicting its earlier statements [4]. - In Q2 2025, Charter reported a decrease of 117,000 total internet customers, including approximately 50,000 disconnects related to the ACP's end, nearly double the disconnects from the previous quarter [5]. - Following this announcement, Charter's stock price fell by $70.25 per share, or 18.4%, from $380.00 on July 24, 2025, to $309.75 on July 25, 2025 [5].
CHARTER NOTICE: BFA Law Notifies Charter Communications, Inc. Investors of the Pending Securities Fraud Class Action – Contact BFA Law if You Lost Money (NASDAQ:CHTR)
GlobeNewswire News Room· 2025-08-31 10:36
NEW YORK, Aug. 31, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Charter Communications, Inc. (NASDAQ: CHTR) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Charter, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/charter-communications-inc-class-action-lawsuit. Investors have until October 14, 2025, to ask ...
CHTR Investor Alert: Kessler Topaz Meltzer & Check, LLP Urges CHTR Investors with Losses to Contact the Firm
GlobeNewswire News Room· 2025-08-30 15:45
RADNOR, Pa., Aug. 30, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Charter Communications, Inc. (“Charter”) (NASDAQ: CHTR) on behalf of those who purchased or otherwise acquired Charter securities, including purchasers of call options, or sellers of put options, between July 26, 2024, and July 24, 2025, inclusive (the “Class Period”). The lead plaintiff deadline is October 14, 2025. ...
CHTR INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Charter Communications, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Prnewswire· 2025-08-30 01:00
Core Viewpoint - The Charter Communications class action lawsuit alleges that the company and its executives made misleading statements regarding the impact of the Federal Communications Commission's Affordable Connectivity Program (ACP) ending, which affected customer declines and revenue growth [3][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Sandoval v. Charter Communications, Inc., and it involves purchasers or acquirers of Charter Communications securities from July 26, 2024, to July 24, 2025 [1]. - Investors have until October 14, 2025, to seek appointment as lead plaintiff in the lawsuit [1][5]. - The lawsuit claims that Charter Communications failed to manage the impact of the ACP ending, leading to significant customer declines and revenue issues [3]. Group 2: Financial Impact - On July 25, 2025, Charter Communications reported second quarter 2025 financial results, showing EBITDA of $5.7 billion, indicating a growth of 0.5% [4]. - The company experienced a decline of 117,000 Internet customers, with approximately 50,000 disconnects attributed to the end of the ACP [4]. - Following the financial results announcement, Charter Communications' stock price fell by more than 18% [4]. Group 3: Legal Representation - Robbins Geller Rudman & Dowd LLP is representing investors in the class action lawsuit and is recognized as a leading law firm in securities fraud and shareholder litigation [6]. - The firm has secured over $2.5 billion for investors in securities-related class action cases in 2024, ranking first in monetary relief for investors [6].
Shareholders that lost money on Charter Communications, Inc.(CHTR) should contact The Gross Law Firm about pending Class Action - CHTR
Prnewswire· 2025-08-26 12:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Charter Communications, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose material information during a specified class period [1][2]. Group 1: Class Action Details - The class period for the lawsuit is from July 26, 2024, to July 24, 2025, during which shareholders who purchased Charter securities or options are encouraged to participate [1]. - The deadline for shareholders to register for the class action and seek lead plaintiff status is October 14, 2025 [3]. Group 2: Allegations Against Charter Communications - The complaint alleges that Charter failed to manage the impact of the Affordable Connectivity Program (ACP) ending, which significantly affected Internet customer declines and revenue [2]. - It is claimed that Charter did not execute broader operations effectively to compensate for the ACP's impact, leading to greater risks to business plans and earnings growth than reported [2]. - The company allegedly lacked a reasonable basis for its positive statements regarding business operations and long-term growth during the class period [2]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights who have suffered losses due to deceit and illegal business practices, emphasizing the importance of responsible corporate behavior [4].
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Charter Communications, Inc. of Class Action Lawsuit and Upcoming Deadlines - CHTR
Prnewswire· 2025-08-26 02:00
Core Viewpoint - A class action lawsuit has been filed against Charter Communications, Inc. for alleged securities fraud and unlawful business practices [2][3]. Financial Performance - Charter reported EBITDA of $5.7 billion for Q2 2025, indicating a 0.5% year-over-year growth, which was primarily due to a $45 million one-time benefit to "other revenue" [3]. - Excluding this one-time benefit, EBITDA would have missed consensus estimates by 2.4% and reflected a decline of 0.3% year-over-year [3]. - The company experienced a decrease of 117,000 Internet customers in Q2 2025, nearly double the loss of 66,000 customers in the previous quarter and an increase from a loss of 99,000 customers in Q2 2024 [3]. Stock Market Reaction - Following the financial results announcement, Charter's stock price fell by $70.25 per share, or 18.4%, closing at $309.75 per share on July 25, 2025 [4].
CHTR Investor Alert: Contact Kessler Topaz Meltzer & Check, LLP About the Securities Fraud Class Action Lawsuit Filed Against Charter Communications, Inc. (CHTR)
GlobeNewswire News Room· 2025-08-25 22:56
Core Viewpoint - A securities class action lawsuit has been filed against Charter Communications, Inc. for allegedly making materially false and misleading statements regarding its business operations and the impact of the Affordable Connectivity Program cancellation on its performance [1][2]. Group 1: Allegations Against Charter - The lawsuit claims that Charter failed to disclose the significant impact of the cancellation of the Affordable Connectivity Program (ACP) on its Internet customer base and revenue [2]. - It is alleged that Charter's operational strategies were inadequate to mitigate the effects of the ACP ending, leading to greater risks to business plans and earnings growth than reported [2]. - The complaint asserts that Charter's positive statements about its business and prospects were misleading and lacked a reasonable basis throughout the class period [2]. Group 2: Class Action Process - Investors in Charter have until October 14, 2025, to seek appointment as lead plaintiff in the class action, which involves representing the interests of all class members [3]. - A lead plaintiff is typically an investor or small group of investors with the largest financial interest in the case, who will select counsel to represent the class [3]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is handling the class action and encourages affected Charter investors to contact them for more information [4]. - The firm has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4].
Charter Communications, Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky Before October 14, 2025 to Discuss Your Rights – CHTR
GlobeNewswire News Room· 2025-08-25 20:54
Core Viewpoint - A class action securities lawsuit has been filed against Charter Communications, Inc. alleging securities fraud that adversely affected investors during a specified period [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover losses for investors who purchased or acquired Charter securities, including call options and put options, between July 26, 2024, and July 24, 2025 [2]. - The complaint alleges that the defendants made false statements and concealed significant issues related to the impact of the Affordable Connectivity Program (ACP) ending, which affected Internet customer declines and revenue [3]. - It is claimed that Charter was unable to manage the impact of the ACP end, leading to greater risks on business plans and earnings growth than reported [3]. Group 2: Next Steps for Investors - Investors who suffered losses during the relevant time frame have until October 14, 2025, to request to be appointed as lead plaintiff, although participation does not require serving in this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [5].