12:26 PM EDT, 05/09/2024 (MT Newswires) -- Charter Communications ( CHTR ) said Thursday its Charter Communications Operating and Charter Communications Operating Capital subsidiaries started an offer to buy outstanding 4.908% senior secured notes due 2025 for up to $1.7 billion in cash.

The offer, which will end on June 7, is linked to a new offering of senior secured notes. Net proceeds from the offering will be used to prepay borrowings outstanding under Charter Communications Operating's existing senior secured term loan B-1 facility, to fund the offer to buy a part of the issuers' senior secured notes due 2025 and for general corporate purposes, the company said.

Shares of Charter Communications ( CHTR ) fell 0.3% in recent trading Thursday.

Price: 271.95, Change: -0.93, Percent Change: -0.30