Charter Communications Issues Additional 2038 & 2041 Senior Secured Notes

What Happened

• Charter Communications Operating, LLC and Charter Communications Operating Capital Corp. completed previously announced exchange offers and, on August 24, 2026 (Final Settlement Date), issued additional series of senior secured notes. The issuers issued $55,928,000 of additional 7.087% Senior Secured Notes due 2038 and $35,750,000 of additional 7.337% Senior Secured Notes due 2041, as further issuances of notes previously issued on August 12, 2026.
• These Additional Notes were issued in exchange for legacy notes tendered in the Pool 1 and Pool 2 exchange offers (total Pool 1 tenders of $2,749,089,000 and total Pool 2 tenders of $2,750,000,000 after early and final settlements). After the Aug 24 issuance, total principal outstanding of the 2038 Notes issued in the exchange offers is $1,742,213,000 and of the 2041 Notes is $1,663,288,000.
• The issuers and guarantors entered into a Twenty-Ninth Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A. (trustee and collateral agent) to document the terms of the Additional Notes.

Key Details

• Interest rates and payments: 7.087% on the 2038 Notes and 7.337% on the 2041 Notes; interest payable March 1 and September 1, commencing March 1, 2027.
• Redemption windows: prior to June 1, 2038 (2038 Notes) and June 1, 2041 (2041 Notes) callable at 100% plus accrued interest and a make-whole premium; on/after those dates callable at 100% plus accrued interest.
• Security and guarantees: Notes are senior secured obligations, guaranteed on a senior secured basis by the parent guarantor and subsidiary guarantors and secured by a pari passu, first-priority security interest (subject to permitted liens); Additional Notes are fungible with the existing series and trade under the same CUSIPs.
• Default/acceleration: Indenture contains customary events of default; trustees or holders of at least 30% of a series can generally accelerate payment upon certain defaults.

Why It Matters

• The filing documents that Charter replaced significant amounts of older debt through exchange offers and established new, long‑dated senior secured debt with fixed coupons of 7.087% and 7.337% due in 2038 and 2041. For investors, the filing clarifies the new interest obligations, security/priority of these notes, redemption mechanics, and certain covenants and default rights that govern these instruments.