Daily News: August 12, 2014

Charter Said to Drop $4.2 Billion Loan as Buyers Flee

Bloomberg reported Charter Communications is no longer seeking to raise $4.2 billion of loans this week as part of an $8.9 billion financing to back its purchase of assets from Comcast, according to a person with knowledge of the matter.

According to Bloomberg , the cable television operator also is offering to pay a higher interest rate on another part of the deal that’s still in the market. Bloomberg said further Goldman Sachs Group, which helped advise Charter on its agreement with Comcast, is the lead arranger of the financing.

To read the entire Bloomberg article, click here.