“As I mentioned on our Cox transaction investor call on May 16, during the pendency of the Cox deal, we plan to be at or slightly under 4.25x leverage pro forma for the Liberty transaction.”

In context

“ntensive companies like ours, the visibility to continue pursuing our long-term investments, including the significant investments we will make in the Cox network, driving benefits for customers and employees and improving our competitiveness. We finished the second quarter with $94.3 billion in debt principal. Our weighted average cost of debt remains at an attractive 5.2% and our current run rate annualized cash interest is $4.9 billion. During the quarter, we repurchased 4.5 million Charter shares and Charter Holdings common units totaling $1.7 billion at an average price of $375 per share. As of the end of the second quarter, our ratio of net debt to last 12-month adjusted EBITDA increased sequentially to 4.1x and stood at 4.18x pro forma for the pending Liberty Broadband transaction. As I mentioned on our Cox transaction investor call on May 16, during the pendency of the Cox deal, we plan to be at or slightly under 4.25x leverage pro forma for the Liberty transaction. Post close, however, we will move to our long-term target leverage to 3.5 to 4.0x. And we would expect to delever to the middle of that range within 2 to 3 years following close. I'll leave you with a few things. Our share of converged connectivity revenue within our footprint is still low, less than 30%. And with better products and pricing, we have a long runway for organic customer, top line, EBITDA and free cash flow growth for many years to come. We've made and are making the investments required to accelerate the growth of the business going forward, including network evolution, new pricing and packaging, innovations and seamless connectivity and entertainment, mobile, service investments in AI and employee tenure. Our free cash flow is about to surge. We are now in the midst of our”