Charter Prices $3 Billion of Junk Bonds Ahead of Cox Deal

Charter Communications Inc. sold $3 billion of junk bonds Tuesday as it looks to pay off debt due through 2027 and repurchase equity.

The two-part dealBloomberg Terminal, through two units of the major cable-TV provider, occurred ahead of the planned acquisition of peer Cox Communications Inc. The takeover is expected to close by the end of June.