Charter extends maturities and increases certain of its credit facilities

Stamford, conn. , june 2, 2022 /prnewswire/ -- charter communications, inc. (nasdaq: chtr) (along with its subsidiaries, "charter") today announced that its subsidiary, charter communications operating, llc ("cco"), entered into an amendment (the "amendment") to cco's credit agreement on may 26, 2022 to: (i) convert all of cco's term a-4 loans to term a-5 loans, (ii) borrow $2.85 billion additional term a-5 loans and extend the maturity of the term a-5 loans to august 31, 2027, (iii) create and borrow a new tranche of $500 million of term a-6 loans maturing august 31, 2028, (iv) increase the size of cco's revolving credit facility, change the interest rate benchmark from libor to sofr, and extend the maturity date to august 31, 2027 and (v) make certain other amendments to the credit agreement.
CHTR Ratings Summary
CHTR Quant Ranking