ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
Issuance of 4.250% Senior Notes due 2031
On
In connection therewith, the CCOH Issuers entered into the below agreements.
Indenture
On the Closing Date, the CCOH Issuers entered into a fifth supplemental
indenture with
Interest is payable on the Notes on each
At any time and from time to time prior to
The terms of the Indenture, among other things, limit the ability of the CCOH Issuers to incur additional debt and issue preferred stock; pay dividends or make other restricted payments; make certain investments; grant liens; allow restrictions on the ability of certain of their subsidiaries to pay dividends or make other payments; sell assets; merge or consolidate with other entities; and enter into transactions with affiliates.
Subject to certain limitations, in the event of a Change of Control (as defined in the Fifth Supplemental Indenture), the CCOH Issuers will be required to make an offer to purchase all of the Notes at a price equal to 101% of the aggregate principal amount of the Notes repurchased, plus accrued and unpaid interest and special interest, if any, to the date of repurchase thereof.
The Indenture provides for customary events of default, which include (subject in certain cases to customary grace and cure periods), among others, nonpayment of principal or interest; breach of other covenants or agreements in the Indenture; failure to pay certain other indebtedness; failure to pay certain final judgments; failure of certain guarantees to be enforceable; and certain events of bankruptcy or insolvency. Generally, if an event of default occurs, the Notes Trustee or the holders of at least 30% in aggregate principal amount of the then outstanding Notes may declare all the Notes to be due and payable immediately.
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Registration Rights Agreement
In connection with the sale of the Notes, the CCOH Issuers entered into an
Exchange and Registration Rights Agreement with respect to the Notes, dated as
of the Closing Date (the "Registration Rights Agreement"), with
For a complete description of the Indenture and the Notes, please refer to a copy of the Base Indenture, incorporated by reference as Exhibit 4.1. Copies of the Fifth Supplemental Indenture, the form of the Notes and the Registration . . .
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 "Indenture" in Item 1.01 above is incorporated herein by reference.
ITEM 2.04. TRIGGERING EVENTS THAT ACCELERATE OR INCREASE A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT.
On
ITEM 8.01. OTHER EVENTS.
On the Closing Date, the CCOH Issuers completed the issuance and sale of the Notes and the Company issued press release announcing the closing. The press release announcing the closing of the issuance and sale of the Notes is filed herewith as Exhibit 99.1.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit Number Description 4.1* Indenture, dated as ofMay 23, 2019 , amongCCO Holdings, LLC , CCOHoldings Capital Corp. andThe Bank of New York Mellon Trust Company, N.A. , as trustee (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed byCharter Communications, Inc. onMay 30, 2019 ). 4.2 Fifth Supplemental Indenture, dated as ofJuly 9, 2020 , amongCCO Holdings, LLC ,CCO Holdings Capital Corp. andThe Bank of New York Mellon Trust Company, N.A. , as trustee. 4.3 Form of 4.250% Senior Notes due 2031 (included in Exhibit 4.2 hereto). 10.1 Exchange and Registration Rights Agreement, datedJuly 9, 2020 , relating to the 4.250% Senior Notes due 2031, amongCCO Holdings, LLC ,CCO Holdings Capital Corp. andMorgan Stanley & Co. LLC , as representative of the several Purchasers (as defined therein). 99.1 Press release datedJuly 9, 2020 , announcing the closing of the sale of the 4.250% Senior Notes due 2031. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.
* Incorporated by reference and not filed herewith.
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