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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]
SPECTRUM MOBILE LAUNCHES REPAIR AND REPLACEMENT PREMIUM
Prnewswire· 2025-08-20 15:00
Core Insights - Spectrum has launched a new device protection plan called Repair and Replacement Premium, which offers comprehensive coverage for accidental damage, mechanical or electrical failure, and battery replacement, as well as protection against loss or theft [1][3]. Summary by Sections Product Offering - The Repair and Replacement Premium plan is priced at $10 per month and includes all benefits of the existing Repair and Replacement plan, which is available at $5 per month, providing flexible options for Spectrum Mobile customers [3][4]. - Key features include unlimited front screen or back glass repairs for $29 each and unlimited battery replacements for $29 each [7]. Company Background - Spectrum is a suite of advanced communications services offered by Charter Communications, Inc., a leading broadband connectivity company and cable operator serving over 57 million homes and businesses across 41 states [5].
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].
CARDINALS AND SPECTRUM ANNOUNCE MARKETING PARTNERSHIP
Prnewswire· 2025-08-04 15:00
Core Points - Spectrum has entered into a multi-year marketing partnership with the St. Louis Cardinals, becoming the Official Telecommunications Partner of the team [1][4] - The sponsorship includes advertising rights on various platforms, including radio broadcasts, the team's website, and social media channels, as well as prominent signage at Busch Stadium [2][3] Company Overview - Spectrum, operated by Charter Communications, serves over 31 million customers across 41 states and is the number one TV provider in the nation [3][6] - The company offers a range of services, including high-speed internet, TV, mobile, and voice, supported by a 100% U.S.-based workforce [6] Partnership Significance - The partnership is seen as a natural fit due to Spectrum's strong ties to the St. Louis area and the shared goal of connecting with fans [4] - Spectrum aims to leverage this partnership to engage with the local community and support the local economy [3][4]
Charter Receives Stockholder Approvals Necessary to Complete Cox Communications Transaction
Prnewswire· 2025-07-31 14:17
Core Points - Charter Communications has received over 99% approval from stockholders for its transaction with Cox Communications [1] - The completion of the transaction is expected in mid-2026, pending regulatory approvals and customary closing conditions [2] 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 [3]
CHARTER JOINS 'INVEST IN AMERICA' TRUMP ACCOUNTS INITIATIVE, DEEPENING SUPPORT FOR EMPLOYEES AND THEIR FAMILIES
Prnewswire· 2025-07-21 14:30
Core Viewpoint - Charter Communications is enhancing its commitment to employee financial security by participating in the federal "Invest in America" Trump Accounts initiative, matching the government's $1,000 contribution for employees' children, thereby doubling the impact for working families [1][2] Group 1: Employee Financial Support - The company will match the federal government's $1,000 contribution for employees' children, benefiting thousands of working families [1][2] - Charter has introduced an Employee Stock Purchase Plan (ESPP) with nearly 20% participation from eligible employees in the first six months [2] - The company offers a retirement plan with a contribution of up to 9% of eligible pay per year and has absorbed health benefit cost increases for the last 12 years [2] Group 2: Career Development and Education - Charter's Education Benefit covers 100% of tuition costs for full-time employees pursuing select degrees and certificates [4] - Employees in Field Operations can earn up to a 10% increase in their hourly wage with each new level achieved through coursework, along with a $500 completion bonus [4] - The company plans to allow employees to direct completion bonuses to their children's "Invest in America" Trump Accounts [4] Group 3: Commitment to Workforce and Community - Charter's participation in the initiative reflects its broader strategy to attract and retain talent while supporting employees and their families [5] - The company emphasizes high-quality craftsmanship from its U.S.-based workforce, backed by a market-leading Customer Commitment [3]
SPECTRUM PARTNERS WITH NEXAR TO SUPERCHARGE VEHICLE CONNECTIVITY AND ROAD INTELLIGENCE
Prnewswire· 2025-06-25 16:00
Core Viewpoint - The partnership between Spectrum and Nexar aims to enhance road intelligence through improved network connectivity, enabling faster data delivery and insights for vehicle safety and autonomy [1][2]. Group 1: Partnership Details - Spectrum provides Nexar access to its extensive managed wireless network, which includes over 17 million secure wireless access points, facilitating efficient data transfer [3]. - The collaboration is expected to scale Nexar's data delivery capabilities across the United States, transforming everyday vehicles into data-generating assets for various applications [2][5]. Group 2: Technological Advancements - Nexar's AI platform captures anonymized road insights that can be utilized by insurers, mobility platforms, and cities to enhance safety and operational efficiency [2]. - The partnership is positioned to support time-sensitive, high-volume data transfer, which is crucial for the development of autonomous vehicle technologies [3][4]. Group 3: Industry Impact - This collaboration reflects Spectrum's strategy to leverage its network through innovative partnerships, contributing to the evolution of connected mobility solutions [4]. - The partnership aligns with Nexar's ongoing expansion into commercial fleets and urban environments, promoting the use of data-rich vehicles for insurance, mapping, and autonomous vehicle development [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]
Charter to Hold Webcast to Discuss Second Quarter 2025 Financial and Operating Results
Prnewswire· 2025-06-24 16:30
Group 1 - Charter Communications, Inc. will host a webcast on July 25, 2025, at 8:30 a.m. ET to discuss financial and operating results for the quarter ended June 30, 2025 [1] - A press release reporting the financial results will be issued at 7:00 a.m. ET on the same day [1] - The webcast will be accessible live via the Company's investor relations website and will be archived approximately two hours after completion [2] Group 2 - Charter Communications is a leading broadband connectivity company and cable operator, serving over 57 million homes and businesses in 41 states through its Spectrum brand [3] - The Company offers a full range of residential and business services, including Spectrum Internet®, TV, Mobile, and Voice, supported by a 100% U.S.-based workforce [3]
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]