Charter Comm Inc Del CL A New - CHTR STOCK NEWS

Charter Communications reported robust financial results for Q3 2020, with total revenue reaching $12.0 billion, a 5.1% increase year-over-year. Customer relationships rose by 457,000, significantly up from 310,000 in Q3 2019. Internet customers grew by 537,000, bringing the total to 28.6 million. Adjusted EBITDA increased by 13.6% to $4.6 billion, while net income surged to $814 million, compared to $387 million last year. The company also bought back approximately 6.1 million shares for $3.6 billion.

Charter Communications has successfully closed a deal for $1.5 billion in senior unsecured notes maturing in 2032. These notes, which carry an interest rate of 4.500% per annum, were issued at a price of 103.750% of their principal amount. The issuance follows an earlier bond sale in March 2020. The securities were sold to qualified institutional buyers under specific regulatory exemptions, as they have not been registered under the Securities Act. This strategic financing aims to strengthen Charter's capital structure.

Charter Communications (NASDAQ: CHTR) announced the pricing of $1.5 billion in senior unsecured notes due 2032, set to close on October 13, 2020. The notes will yield an interest rate of 4.500% per annum and will be issued at 103.750% of the principal amount. Proceeds will be utilized for general corporate purposes, including repaying existing debt and potential share buybacks. The offering is subject to market conditions and regulatory exemptions for buyers. The company emphasizes that this news does not constitute an offer to sell the notes.

Charter Communications (NASDAQ: CHTR) announced plans to offer $1.4 billion in senior unsecured notes due 2032. Proceeds will be utilized for general corporate purposes, including debt repayment and potential stock buybacks. The offering, aimed at qualified institutional buyers and non-U.S. persons, is subject to market conditions. The Notes are part of a series issued previously in March 2020. They remain unregistered under the Securities Act, limiting their sale within the U.S. unless exempted. Charter provides broadband and cable services to over 30 million customers across 41 states.

Charter Communications has launched Stay Connected K-12, a new solution providing high-speed broadband Internet access to students and educators during the COVID-19 pandemic. This service enables schools to offer 50 Mbps download speeds, unlimited usage, and 24/7 technical support without charging residences. Currently, the program is operational in 30 communities across multiple states, supporting thousands. Charter emphasizes its commitment by previously connecting 448,000 individuals at no cost and protecting 700,000 customers from disconnection due to financial hardship, reflecting its robust network's adaptability.

Charter Communications, Inc. (NASDAQ: CHTR) will conduct a conference call on October 30, 2020, at 8:30 a.m. ET to review financial and operating results for Q3 2020, which will be announced in a press release at 7:00 a.m. ET on the same day. The call will be available for live streaming on the company's investor relations website, and participants are advised to join 10 minutes early. A replay will be accessible post-call until November 13, 2020, with specific dialing instructions provided.

Charter Communications announced a relaunch of its Remote Education Offer, providing free Spectrum Internet with speeds up to 200 Mbps and WiFi access for 60 days to K-12 and college students, as well as educators. This initiative aims to address the technology divide exacerbated by the pandemic. The offer is available to new customers in Spectrum markets without current services. Charter gained 448,000 new households through this initiative by June 30, 2020. The company is also enhancing accessibility via its Spectrum Internet Assist program and has committed $1 million in grants for broadband education, surpassing a $6 million goal.

Charter Communications (NASDAQ:CHTR) announced that CEO Tom Rutledge will participate in the Goldman Sachs Virtual Communacopia Conference on September 16, 2020, at 10:30 a.m. ET. A live webcast will be available on the company's investor relations website, which will also archive the broadcast for later viewing. Charter, serving over 30 million customers across 41 states, offers a wide range of services under the Spectrum brand, including Internet, TV, and mobile services.

Charter Communications (NASDAQ: CHTR) announced that its Chief Financial Officer, Christopher Winfrey, will participate in the Bank of America 2020 Virtual Media, Communications & Entertainment Conference on September 9, 2020, starting at 8:55 a.m. ET. A live webcast will be available on Charter's investor relations website, with an archived version accessible afterward. Charter serves over 30 million customers through its Spectrum brand, offering a range of services including Internet, TV, and Mobile.