ST. LOUIS--(BUSINESS WIRE)--March 9, 2001--Charter Communications, Inc. (Nasdaq:CHTR), today announced that it filed a registration statement with the United States Securities and Exchange Commission (SEC) to offer from time to time in the future in one or more separate offerings (1) senior or subordinated debt securities, (2) preferred stock, and (3) Class A common stock, $.001 par value per share, with an aggregate public offering price of up to $4 billion (or its equivalent based on the exchange rate at the time of sale) in amounts, at prices and based on terms to be determined at the time of offering.
The net proceeds from the shelf offering may be used for general corporate purposes, which may include working capital, debt repayment and capital expenditures. The timing of any future offerings under the registration statement has not been determined at this time. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of the company.
With nearly 6.4 million customers, Charter Communications (Nasdaq:CHTR), a Wired World Company(TM), is among the nation's largest broadband communications companies. Charter offers a full range of advanced broadband services to the home, including cable television under the Charter Cable TV brand; advanced digital video programming services under the Charter Digital Cable(TM) brand; and high-speed Internet access via Charter Pipeline(TM). Charter is the 2001 recipient of the Outstanding Corporate Growth Award from the Association for Corporate Growth and the 2000 Innovator Award for Technology from Cablevision Magazine. More information about Charter can be found on the Internet 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.
|Anita Lamont, 314/543-2215|
|Mary Jo Moehle, 314/543-2397|