Charter Communications
Charter is a broadband connectivity and cable operating company best known for its Spectrum brand.
Key facts
| Legal Name | Charter Communications, Inc. |
|---|---|
| Company Operating Status | Active |
| Full Address | 400 Washington Blvd. Stamford, CT 06902 |
| Public/Private | Public |
| Stock Symbol | CHTR |
| Ticker Symbol | CHTR |
| Wellfound ID | charter-communications |
Capital structure
$12.5bn total debt
| Instrument | Coupon | Maturity | Amount | Source |
|---|---|---|---|---|
| Revolving C Commitments · Senior Secured | Term SOFR + 0.75%-1.25% or ABR + 0.00%-0.25% (rating-based) | Mar 2030 | USD 5.5bn | source ↗ |
| Term A-7 Loans · Senior Secured | Term SOFR + 1.25% or ABR + 0.25% | Mar 2030 | USD 4.5bn | source ↗ |
| Term A-6 Loans · Senior Secured | Term SOFR + 1.50% or ABR + 0.50% | Aug 2028 | — | source ↗ |
| Term B-5 Loans · Senior Secured | Term SOFR + 2.25% or ABR + 1.25% | Dec 2031 | USD 2.5bn | source ↗ |
| Term B-4 Loans · Senior Secured | Term SOFR + 2.00% or ABR + 1.00% | Dec 2030 | — | source ↗ |
| Term B-3 Loans · Senior Secured | Term SOFR + 2.25% or ABR + 1.25% | Mar 2030 | — | source ↗ |
Covenant analysis
| Covenant | Term | vs market | Source |
|---|---|---|---|
| General Basket for Liens · Negative Covenant – Liens | Greater of $7,000,000,000 or 15.00% of Consolidated Net Worth | market 15% vs basket median 20% (n=122) | source ↗ |
| Consolidated Leverage Ratio · Financial Maintenance | Maximum 5.0x | loose 5x vs leverage median 4x (n=99) | source ↗ |
| Consolidated First Lien Leverage Ratio · Financial Maintenance | Maximum 4.0x | market 4x vs leverage median 4x (n=99) | source ↗ |
| First Lien Leverage Ratio – Lien Incurrence Test · Incurrence | Maximum 4.0x pro forma | market 4x vs leverage median 4x (n=99) | source ↗ |
Contact details
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