Charter Communications Secures $5B Credit Facility

TL;DR

Charter just locked in a $5B credit line until 2029, replacing an older one.

AI Summary

On May 9, 2024, Charter Communications, Inc. (CHTR) filed an 8-K to disclose that its subsidiary, CCO Holdings LLC, entered into a new credit agreement. This agreement involves a $5.0 billion revolving credit facility, which matures on May 9, 2029. The company also announced the termination of its previous $5.0 billion revolving credit facility dated May 10, 2021.

Why It Matters

This new credit facility provides Charter with significant financial flexibility and liquidity, potentially impacting its ability to fund operations, investments, and acquisitions.

Risk Assessment

Risk Level: low — The filing is a routine update on credit facilities and does not indicate any immediate financial distress or significant new risks.

Key Numbers

• $5.0B — New Revolving Credit Facility (Provides significant liquidity and financial flexibility.)
• 2029-05-09 — Maturity Date (Extended financial commitment until this date.)

Key Players & Entities

• Charter Communications, Inc. (company) — Filer
• CCO Holdings LLC (company) — Subsidiary entering credit agreement
• $5.0 billion (dollar_amount) — New revolving credit facility amount
• May 9, 2029 (date) — Maturity date of new credit facility
• May 10, 2021 (date) — Termination date of previous credit facility

FAQ

From the Filing

0001104659-24-059493.txt : 20240510 0001104659-24-059493.hdr.sgml : 20240510 20240509182955 ACCESSION NUMBER: 0001104659-24-059493 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240509 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240510 DATE AS OF CHANGE: 20240509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHARTER COMMUNICATIONS, INC. /MO/ CENTRAL INDEX KEY: 0001091667 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] ORGANIZATION NAME: 06 Technology IRS NUMBER: 841496755 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33664 FILM NUMBER: 24932315 BUSINESS ADDRESS: STREET 1: 400 ATLANTIC STREET CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 203-905-7800 MAIL ADDRESS: STREET 1: 400 ATLANTIC STREET CITY: STAMFORD STATE: CT ZIP: 06901 FORMER COMPANY: FORMER CONFORMED NAME: CHARTER COMMUNICATIONS INC /MO/ DATE OF NAME CHANGE: 19990723 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CCO HOLDINGS LLC CENTRAL INDEX KEY: 0001271833 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37789 FILM NUMBER: 24932316 BUSINESS ADDRESS: STREET 1: 12405 POWERCOURT DR CITY: ST LOUIS STATE: MO ZIP: 63131 BUSINESS PHONE: 314-965-0555 MAIL ADDRESS: STREET 1: 12405 POWERSCOURT DR CITY: ST..LOUIS STATE: MO ZIP: 63131 8-K 1 tm2413983d2_8k.htm FORM 8-K false 0001091667 0001271833 false 8-K 2024-05-09 Delaware false false false false 400 Washington Blvd. Stamford Connecticut 06902 203 905-7801 false 0001091667 2024-05-09 2024-05-09 0001091667 chtr:CCOHoldingsLLCMember 2024-05-09 2024-05-09 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): May 9, 2024       Charter Communications, Inc. CCO Holdings, LLC (Exact name of registrant as specified in its charter)   Delaware (State or other jurisdiction of incorporation or organization)   001-33664   84-1496755 001-37789   86-1067239 (Commission File Number)   (I.R.S. Employer Identification Number)       400 Washington Blvd. Stamford , Connecticut 06902 (Address of principal executive offices, including zip code)   ( 203 ) 905-7801   (Registrant’s telephone number, including area code)   Not Applicable (Former name or former address, if changed since last report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions   ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Class A Common Stock, $.001 Par Value   “ CHTR ”   NASDAQ Global Select Market   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ¨