08:59 AM EDT, 05/23/2024 (MT Newswires) -- Charter Communications ( CHTR ) said late Wednesday that it has increased the maximum amount of notes it will repurchase in the tender offer by its Charter Communications Operating and Charter Communications Operating Capital units to up to $2.7 billion from up to $2.5 billion.

The company said that as of the early tender time of 5 p.m. ET on Wednesday, about $3.51 billion of 4.908% senior secured notes due 2025 had been validly tendered and not withdrawn in the tender offer.

Charter Communications ( CHTR ) said it has chosen to exercise its right to pay for the notes that were validly tendered before or at the early tender time and that are accepted for purchase on May 24.

Any such tendered notes will be accepted on a pro rata basis because the amount of notes tendered and not validly withdrawn before or at the early tender time exceeds $2.7 billion, the company said.

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