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Charter Prices $2.0 Billion Senior Secured Notes
Prnewswire· 2025-08-19 01:58
Core Viewpoint - Charter Communications, Inc. has announced the pricing of $2.0 billion in aggregate principal amount of senior secured notes, which will be used for general corporate purposes, including debt repayment and potential stock buybacks [1][2]. Group 1: Offering Details - The offering consists of $1.25 billion in Senior Secured Notes due 2035 with an interest rate of 5.850% and $750 million in Senior Secured Notes due 2055 with an interest rate of 6.700% [8]. - The notes will be issued at prices of 99.932% and 99.832% of their respective aggregate principal amounts [8]. - The expected closing date for the offering is September 2, 2025, subject to customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to repay certain indebtedness, including the 6.150% Senior Secured Notes due 2026, fund potential buybacks of Charter Class A common stock, and cover related fees and expenses [1]. Group 3: Company Overview - Charter Communications, Inc. is a leading broadband connectivity company and cable operator, serving over 57 million homes and businesses across 41 states under the Spectrum brand [5]. - The company offers a comprehensive range of services, including Spectrum Internet®, TV, Mobile, and Voice, supported by a fully U.S.-based workforce [5].
SPECTRUM AWARDS $1.1 MILLION IN 2025 SPECTRUM DIGITAL EDUCATION GRANTS
Prnewswire· 2025-06-25 14:30
Core Insights - Spectrum has awarded $1.1 million in grants to 55 nonprofit organizations in 2025, aimed at expanding access to digital tools and education in communities [1][6] - Since its inception in 2017, Spectrum Digital Education has committed over $11 million to support 204 community-based nonprofits across 41 states [1][6] - The initiative has distributed nearly 20,000 laptops and sponsored over 45,000 digital education classes, benefiting nearly 188,000 community members nationwide [3] Grant Details - The 2025 grants support a variety of programs, including one-on-one technology coaching, AI skills courses, and community tech hubs [2][4] - Notable grantees include Human-I-T, which will distribute refurbished laptops to low-income seniors, and Dallas City Homes, which will build a computer lab for digital learning [4][6] Community Impact - Spectrum Digital Education aims to bridge the digital divide, helping individuals access education, employment, and healthcare [3][5] - The program has a significant focus on serving diverse community members, including seniors, veterans, students, and jobseekers [2][4]
SPECTRUM AWARDS $300,000 TO FIFTH CLASS OF SPECTRUM SCHOLARS
Prnewswire· 2025-06-16 14:30
Core Insights - Spectrum has awarded $1.8 million in scholarships through the Spectrum Scholars program since its inception in 2020, supporting 90 students [1][8] - The fifth class of Spectrum Scholars consists of 15 college juniors, each receiving a $20,000 scholarship and participating in a two-year professional development program [1][8] Financial Support and Development - Spectrum Scholars combines financial assistance with mentorship from experienced professionals, networking events, leadership development, and a paid 10-week internship at various corporate offices [2][8] - The program aims to help students build skills, confidence, and connections necessary for launching meaningful careers, many of which are expected to be at Spectrum [3][5] Career Outcomes - A notable success story includes Paola "Lola" Beber Sanches, who transitioned from a Spectrum Scholar to a full-time Brand Marketing Specialist within three years of joining the program [4][5] - The program emphasizes real-world experience and mentorship, which significantly impacts students' career trajectories [5] Commitment to Employee Development - Spectrum offers competitive starting wages, educational benefits, comprehensive health coverage, a robust retirement plan, and an Employee Stock Purchase Plan, reflecting its commitment to developing talent [5][6] - The company maintains a 100% U.S.-based workforce, reinforcing its dedication to local talent development [6]