Charter Communications Increases Credit Facility Availability

ST. LOUIS, Sep 27, 2001 (BUSINESS WIRE) -- Charter Communications, Inc. (Nasdaq:CHTR) today announced a $100 million increase to $1.3 billion in the existing revolver portion of the credit facility at its indirect subsidiary Falcon Cable Communications, LLC. "Our ability to increase existing credit facilities reinforces the banking community's confidence in Charter," said Kent Kalkwarf, Executive Vice President and CFO. "Charter's business plan is fully funded through 2003, at which point we expect to generate free cash flow. This increase in our available credit facilities simply provides additional capacity to ensure that all of our financing needs will be met."

About Charter Communications

With nearly 7 million customers in 40 states, Charter Communications, Inc., a Wired World(TM) company, is among the nation's largest broadband communications companies. 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 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.

A Fortune 500 company, Charter is the 2001 recipient of the Outstanding Corporate Growth Award from the Association for Corporate Growth, the 2001 R.E. "Ted" Turner Innovator of the Year Award from the Southern Cable Telecommunications Association, and the 2000 Innovator Award for Technology from Cablevision Magazine. 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
Media:
Andy Morgan, 314/543-2217
amorgan@chartercom.com
or
Analysts:
Mary Jo Moehle, 314/543-2397
mmoehle@chartercom.com