Man charged with the murder of Cornelius O'Neill in Kilrea
The 56-year-old died at a property in Kilrea following the attack.
Police said the 33-year-old man, who was arrested on Wednesday, is due to appear before the Bishop Street courthouse in Londonderry on Thursday morning.
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Hide AdDetective Chief Inspector Neil McGuinness from PSNI's major investigation team said on Wednesday the victim was stabbed just before 4:50pm.
He said: "Officers, along with colleagues from the Ambulance Service, attended a property in the Fallahogy Terrace area of the village.
"Sadly, the man, whom we can now name as Cornelius O'Neill, was subsequently pronounced dead at the scene.
"Mr O'Neill was 56 years old and was from the Kilrea area."