2033 Notes
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Charter Prices $3.0 Billion Senior Unsecured Notes
Prnewswire· 2026-01-07 01:54
Core Viewpoint - Charter Communications, Inc. has announced the pricing of $3.0 billion in senior unsecured notes to be used for general corporate purposes, including debt repayment and potential stock buybacks [1]. Group 1: Financial Details - The offering consists of $1.75 billion in Senior Notes due 2033 with an interest rate of 7.000% and $1.25 billion in Senior Notes due 2036 with an interest rate of 7.375%, both issued at 100% of their aggregate principal amount [7]. - The net proceeds will be utilized to fully redeem the 5.500% Senior Notes due 2026 and partially redeem the 5.125% Senior Notes due 2027, as well as to fund potential buybacks of Charter's Class A common stock [1]. Group 2: Offering Structure - The notes were sold to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, and they have not been registered under the Securities Act of 1933 [2]. - The offering is subject to market conditions and customary closing conditions, with the expected closing date on January 13, 2026 [1]. Group 3: Company Overview - Charter Communications, Inc. is a leading broadband connectivity company serving 58 million homes and businesses across 41 states through its Spectrum brand, evolving from cable TV to a comprehensive broadband and mobile experience [4].
Weatherford Announces Upsize and Pricing of $1,200 Million of Senior Notes due 2033
Globenewswire· 2025-09-22 21:54
Core Viewpoint - Weatherford International plc has announced the pricing of $1,200 million aggregate principal amount of its 6.75% Senior Notes due 2033, which is a $600 million increase from the previously announced offering size [1] Group 1: 2033 Notes Offering - The 2033 Notes Offering is expected to close on October 6, 2025, subject to customary closing conditions [1] - The 2033 Notes have not been registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers and non-U.S. persons [4] Group 2: Use of Proceeds - The net proceeds from the 2033 Notes Offering will be used to fund a tender offer for the 8.625% Senior Unsecured Notes due 2030, which has been upsized to $1,300 million [2] - The proceeds will also cover accrued and unpaid interest on the 2030 Notes and related transaction fees and expenses [2] Group 3: Tender Offer Conditions - The Tender Offer is conditioned on the consummation of the 2033 Notes Offering, while the 2033 Notes Offering is not conditioned on the Tender Offer [3]
Gaming and Leisure Properties Announces Pricing of $600,000,000 of 5.250% Senior Notes Due 2033 and $700,000,000 of 5.750% Senior Notes Due 2037
GlobeNewswire News Room· 2025-08-14 11:30
Core Viewpoint - Gaming and Leisure Properties, Inc. (GLPI) has announced a public offering of $1.3 billion in senior unsecured notes, which will be used primarily to redeem existing debt and for general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of two tranches: $650 million in senior notes due 2033 with a coupon of 5.250% and $650 million in senior notes due 2037 with a coupon of 5.750% [1]. - The 2033 Notes priced at 99.642% of par value, while the 2037 Notes priced at 99.187% of par value [1]. - The offering is expected to close on August 27, 2025, subject to certain closing conditions [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to fully redeem $975 million of 5.375% senior unsecured notes due April 2026, along with accrued interest and related fees [2]. - Remaining proceeds will be allocated for working capital, general corporate purposes, development and expansion projects, repayment of indebtedness, and capital expenditures [2]. Group 3: Company Overview - GLPI is engaged in acquiring, financing, and owning real estate properties leased to gaming operators under triple-net lease arrangements, where tenants are responsible for all facility maintenance, insurance, taxes, and utilities [7].