Liberty Broadband Corp 4
4 · CHARTER COMMUNICATIONS, INC. /MO/ · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
CHTR — Liberty Broadband (10% Owner) Repurchases Debentures
What Happened
Liberty Broadband Corp, a 10% owner of Charter Communications (CHTR), accepted for cash repurchase the full $965,000,000 original principal amount of its 3.125% senior debentures due 2053. These debentures were exchangeable into Charter Class A shares at a ratio of 1.8901 shares per $1,000 principal but were payable only in cash based on the value of the stock. Holders will be paid $1,000 per $1,000 principal plus accrued and unpaid interest of $0.5208 on April 6, 2026.
Key Details
- Transaction date: April 1, 2026 (repurchase accepted); payment date: April 6, 2026.
- Aggregate principal repurchased: $965,000,000.
- Payment per $1,000 principal: $1,000 plus $0.5208 accrued interest.
- Debenture terms: 3.125% senior debentures due March 31, 2053; exchangeable at 1.8901 shares per $1,000 but settled only in cash. (Footnotes F1–F4)
- Form filed: April 3, 2026 (covers period of report April 1, 2026) — appears timely.
- Filing party: Liberty Broadband Corp (a 10% owner), i.e., an institutional issuer action, not an individual executive trade. No share counts or share-price transactions reported on this Form 4.
Context
This is a corporate debt repurchase/cash settlement of exchangeable debentures rather than a buy or sale of Charter shares by an insider. Because the debentures were cash-settled (not physical share delivery), this transaction does not directly change Liberty’s or other holders’ Charter share holdings. For retail investors: this is a financing/debt action by the issuer and should be viewed as a capital-structure event, not an insider signaling buy/sell of stock.
Insider Transaction Report
- Purchase
3.125% Exch. Senior Debentures due 2053 (obligation to sell)
[F1][F2][F4][F3]2026-04-01→ Class A Common Stock (1,823,947 underlying)
Footnotes (4)
- [F1]Each $1,000 principal amount of 3.125% senior debentures due 2053 (the "Debentures") issued by the reporting person was exchangeable for 1.8901 shares of issuer's Class A common stock, par value $0.001 per share (the "Common Stock"), settled only in cash based on the value of the shares of Common Stock.
- [F2]Each Debenture was exchangeable at the option of the holder during specified periods. Holders of the Debentures had the right to put them to the reporting person on April 6, 2026, or prior thereto following the occurrence of a "fundamental change," and the 3.125% Debentures were redeemable by the reporting person, (i) in whole or in part, on or after April 6, 2026 at any time, or (ii) in whole, but not in part, prior to April 6, 2026, after the occurrence of certain conditions or events.
- [F3]The expiration date for the Debentures was March 31, 2053.
- [F4]On April 1, 2026, the reporting person accepted for repurchase in cash the full $965,000,000 aggregate original principal amount of Debentures outstanding. On April 6, 2026, holders of the Debentures will receive payment of $1,000 for each $1,000 original principal amount of Debentures, plus accrued and unpaid interest in the amount of $0.5208.