Proceeds will be used for general corporate purposes, such as debt repayment, stock repurchases and related fees, the company said.
Charter Communications announced it has priced $2 billion in senior secured notes, a move that bolsters its balance sheet as the Stamford-based cable giant works toward a planned merger with Cox Communications.
The new financing includes $1.25 billion of notes due in 2035 with a 5.85% coupon and $750 million of notes due in 2055 at 6.7%. Proceeds will be used for general corporate purposes, such as debt repayment, stock repurchases and related fees, the company said.
The offering, through subsidiaries CCO Holdings and CCO Capital, is scheduled to close Sept. 2.
The debt sale comes as Charter pursues a $34.5 billion transaction with Atlanta-based Cox. Announced in May, the deal would create a combined cable and broadband provider serving about 38 million customers.
Under the agreement, Cox Enterprises would receive a mix of cash, convertible preferred units and common partnership units, giving it roughly a 23% ownership stake. Charter also plans to assume more than $12 billion of Cox’s debt.
The merged company would keep its headquarters in Stamford while maintaining Cox’s Atlanta campus. Within a year of closing, the company would rebrand as Cox Communications, although the Spectrum name would remain in use for consumer services.
The merger still requires regulatory and shareholder approvals. Charter has said it expects the deal to close in the second half of 2026.
