InvestorsSeptember 12, 2001
Charter Communications Announces Further Extension of Exchange Offer for $1.5 Billion Senior and Senior Discount Notes; Exchange Offer Extended to September 21, 2001
As of today, approximately $350 million in aggregate principal amount of 9.625% Senior Notes due 2009, $573 million in aggregate principal of 10% Senior Notes due 2011, and $1.02 billion in aggregate principal of 11.75% Senior Discount Notes due 2011 have been confirmed as tendered in exchange for a like principal amount of New Notes.
The Exchange Offer was scheduled to expire at 5:00 p.m. Eastern Time today. Due to certain office closings in New York, Charter has extended the expiration date for the Exchange Offer to 5:00 p.m. Eastern Time, on September 21, 2001.
The New Notes have been registered under the Securities Act of 1933, as amended (the "Securities Act"). The Old Notes were sold to qualified institutional buyers in reliance on Rule 144A of the Securities Act on May 15, 2001. The Old Notes were not registered under the Securities Act and may not be offered or sold in the United States except pursuant to exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Old Notes or the New Notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About CharterCharter Communications, Inc. (Nasdaq:CHTR), a Wired World(TM) company, is among the nation's largest broadband communications companies, currently serving some 7 million customers in 40 states. Charter provides a full range of advanced broadband services to the home, including cable television on an advanced digital video programming platform marketed under the Charter Digital Cable(TM) brand; and high-speed Internet access marketed under the Charter Pipeline(TM) brand. Commercial high-speed data, video and Internet solutions are provided under the Charter Business Networks(TM) brand. Advertising sales and production services are sold under the Charter Media(TM) brand. More information about Charter can be found at www.charter.com.
Statements in this press release regarding Charter Communications' business that are not historical facts may be "forward-looking statements." Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Important factors that could cause actual results to differ materially from any such forward-looking statements are identified in the reports and documents Charter files from time to time with the U.S. Securities and Exchange Commission.
CONTACT: Charter Communications Inc., St. Louis Andy Morgan, 314/543-2217 (Media) email@example.com or Mary Jo Moehle, 314/543-2397 (Analyst) firstname.lastname@example.org