Cypress Creek Consulting Advises Charter Communications on Inaugural Securitization Financing Facility

Cypress Creek Consulting, LLC, a firm specializing in debt capital markets transactions, has been enlisted by Charter Communications, Inc. to launch a senior secured revolving credit facility. This initiative aims to finance the purchase of mobile equipment installment plan receivables in collaboration with several financial institutions.

As reported in Charter's second quarter earnings release, the facility—entered into by CCO EIP Financing, LLC, a bankruptcy remote special purpose vehicle—supports equipment installment plan receivables. Borrowings are secured by the receivables and related assets, primarily restricted cash.

Nicholas Schrider, CEO of Cypress Creek, congratulated Charter on closing the transaction and its enhanced liquidity. Scott Schwartz, GVP, Corporate Finance & Treasurer at Charter, acknowledged Cypress Creek’s support in structuring and launching their securitization financing facility.