Research Update: GCI LLC Ratings On CreditWatch Positive Following Proposed Liberty Broadband Merger And Better Asset Coverage - S&P Global Ratings’ Credit Research

Research Update: GCI LLC Ratings On CreditWatch Positive Following Proposed Liberty Broadband Merger And Better Asset Coverage

Research Update: GCI LLC Ratings On CreditWatch Positive Following Proposed Liberty Broadband Merger And Better Asset Coverage - S&P Global Ratings’ Credit Research
Research Update: GCI LLC Ratings On CreditWatch Positive Following Proposed Liberty Broadband Merger And Better Asset Coverage
Published Sep 14, 2020
4 pages (1708 words) — Published Sep 14, 2020
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

U.S.-based wireless and cable provider GCI LLC's (GCI) parent, GCI Liberty Inc., announced that it entered into an agreement under which Liberty Broadband will acquire GCI Liberty in a stock-for-stock merger, representing an $8.7 billion equity value for the GCI Liberty transaction. Pro forma for the merger, Liberty Broadband will provide more asset coverage and will be able to access an incremental $24 billion in unencumbered shares of Charter Communications (Charter) with which to support GCI. This is in addition to the Charter and LendingTree (TREE) stakes currently at GCI, valued at about $4.4 billion. Despite the COVID-19 pandemic and severe recession, GCI's operating and financial results have been stronger than our expectations, mainly due to growth in the broadband

  
Brief Excerpt:

...Research Update: GCI LLC Ratings On CreditWatch Positive Following Proposed Liberty Broadband Merger And Better Asset Coverage...

  
Report Type:

Research Update

Ticker
1625155D
Issuer
GCI, LLC
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: GCI LLC Ratings On CreditWatch Positive Following Proposed Liberty Broadband Merger And Better Asset Coverage" Sep 14, 2020. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-GCI-LLC-Ratings-On-CreditWatch-Positive-Following-Proposed-Liberty-Broadband-Merger-And-Better-Asset-Coverage-2513171>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: GCI LLC Ratings On CreditWatch Positive Following Proposed Liberty Broadband Merger And Better Asset Coverage Sep 14, 2020. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-GCI-LLC-Ratings-On-CreditWatch-Positive-Following-Proposed-Liberty-Broadband-Merger-And-Better-Asset-Coverage-2513171>
  
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