Insider Trading Alert: Charter Communications, Inc.

Charter Communications, Inc. (NASDAQ:CHTR) insider has recently participated in insider trading activity. Director, HUSEBY MICHAEL bought 1,000 shares for $163,840 via one transaction Feb 09. Another notable insider trading was done by Markley John D Jr on Nov 10, who is the Director. The insider Sold 500 shares at an average price of $190.37. Moreover, an insider selling of 7,000 shares was carried out by Dykhouse Richard R, EVP/Gen Counsel/Corp Secretary, on Aug 27. Following the transaction, the insider now owns 7,000 shares in total. Director MERRITT DAVID C sold 2,500 shares for $462,518 through one transaction Aug 20. Following this sale, this insider’s stake in the company comprises 6,670 shares, priced at $1118892.5 as of Friday.

The stock has experienced a total of 6 insider trades in the past three months. These trades include 5 sell activities and 1 buy trades. Furthermore, over the past 12 months, the stock was traded 27 times by insiders. In 17 of these trades, the insider was a seller while an employee of the company was the buyer in just 10 instances.

Charter Communications, Inc. (CHTR) on February 4, 2016 announced that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp., have priced $1.7 billion of senior unsecured notes due 2024.  The New Notes will bear interest at a rate of 5.875% per annum and will be issued at a price of 100.0% of the aggregate principal amount of $1.7 billion.

Charter expects to close the offering of the New Notes on February 19, 2016, subject to customary closing conditions. The New Notes were sold to qualified institutional buyers in reliance on Rule 144A and outside the United States to non-U.S. persons in reliance on Regulation S. The New Notes have not been registered under the Securities Act of 1933, as amended, or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

This news release is neither an offer to sell nor a solicitation of an offer to buy the New Notes and shall not constitute an offer, solicitation or sale, nor is it an offer to purchase, or the solicitation of an offer to sell the New Notes in any jurisdiction in which such offer, solicitation, or sale is unlawful.