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Get filing alertsCharter issues $3.3B in senior secured notes at 7.1%–7.3% via debt exchange
Filed August 12, 2026 · Period ending August 12, 2026 · ~1 min read
Key Changes
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high
Issued $1.69B of 7.087% notes due 2038 and $1.63B of 7.337% notes due 2041 through early settlement of exchange offers for seven series of existing lower-coupon debt (2.25%–5.375%) maturing 2029–2053.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
medium
New notes are senior secured obligations guaranteed by parent and subsidiaries, secured by first-priority liens on assets that also secure the credit agreement. Redeemable at par plus make-whole premium before June 2038/2041, at par thereafter.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
low
Must complete exchange offer to register the notes within 450 days or pay additional interest of 0.25% per year (rising to 0.5% if delay continues beyond 90 days).
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
Summary
Charter Communications refinanced $3.3 billion of existing debt by issuing new senior secured notes at significantly higher interest rates—7.087% for 2038 maturity and 7.337% for 2041 maturity. The company exchanged seven series of lower-coupon notes (ranging from 2.25% to 5.375%) for the new debt, reflecting the higher cost of capital in current market conditions.
The exchange extends some maturities while pulling forward others, reshaping the debt profile. The new notes carry the same senior secured status and collateral package as Charter's existing credit agreement, maintaining creditor priority. Semi-annual interest payments begin March 2027. Charter retains standard call optionality with make-whole protection for noteholders until the final years of each maturity. The refinancing increases Charter's annual interest expense on the exchanged principal, a direct cost of addressing near-term maturities and accessing the secured debt market at today's rates.
Section-by-Section Diff
Event · Item 2.03 — Creation of a Direct Financial Obligation
Item 2.03 also reports this as a direct financial obligation (body incorporates the primary Item by reference).
Added in current filing · verify on EDGAR →
ITEM 2.03. CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT. The information under the heading “Secured Notes Indenture” in Item 1.01 above is incorporated herein by reference.
The 8-K includes a labeled Item 2.03 section. Its body incorporates the primary Item (typically 1.01) by reference rather than restating terms — do not treat that thinness as 'Item 2.03 absent.' The company is signaling creation of a direct financial obligation alongside the agreement disclosure; keep Item 2.03 visible in the report.
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
The Indenture provides, among other things, that interest is payable on the 2038 Notes on each March 1 and September 1, commencing March 1, 2027. ... At any time and from time to time prior to June 1, 2038, the Issuers may redeem the outstanding 2038 Notes in whole or in part at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest on the principal amount being redeemed to, but not including, the redemption date, plus a make-whole premium. On or after June 1, 2038, the Issuers may redeem some or all of the outstanding 2038 Notes at a redemption price equal to 100% of the principal amount of the 2038 Notes to be redeemed, plus accrued and unpaid interest on the principal amount being redeemed to, but not including, the redemption date.
The 2038 notes carry a 7.087% coupon with semi-annual interest payments beginning March 2027. Charter can redeem these notes before June 2038 at par plus a make-whole premium, or at par without premium on or after June 2038. The notes are senior secured obligations guaranteed by the parent and subsidiaries, secured by first-priority liens on assets that also secure the company's credit agreement.
Added in current filing · verify on EDGAR →
Interest is payable on the 2041 Notes on each March 1 and September 1, commencing March 1, 2027. At any time and from time to time prior to June 1, 20 ... 41, the Issuers may redeem the outstanding 2041 Notes in whole or in part at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest on the principal amount being redeemed to, but not including, the redemption date, plus a make-whole premium. On or after June 1, 2041, the Issuers may redeem some or all of the outstanding 2041 Notes at a redemption price equal to 100% of the principal amount of the 2041 Notes to be redeemed, plus accrued and unpaid interest on the principal amount being redeemed to, but not including, the redemption date.
The 2041 notes carry a 7.337% coupon with semi-annual interest payments beginning March 2027. Charter can redeem these notes before June 2041 at par plus a make-whole premium, or at par without premium on or after June 2041. Like the 2038 notes, these are senior secured obligations with the same guarantee and collateral structure.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 13, 2026 · How we verify