InvestorsMay 15, 2001
Charter Communications to Offer Class A Common Stock and Convertible Senior Notes
ST. LOUIS--(BUSINESS WIRE)--May 15, 2001--Charter Communications, Inc. (Nasdaq:CHTR), today announced its intent to offer for sale approximately $1.25 billion of Class A common stock and $500 million of Convertible Senior Notes due 2006 (Notes). These offering amounts are prior to the exercise of any underwriters' over-allotment option. Charter will file a preliminary prospectus supplement to its shelf registration statement with the Securities and Exchange Commission for these separate public offerings.
Each offering will be made only by means of a prospectus. The offerings will be independent of each other. The anticipated timing of the proposed offerings will depend on market conditions.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer or sale of the Class A common stock or the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
With nearly 6.4 million customers, Charter Communications, 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). 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.
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.
|Andy Morgan, 314/543-2217|
|Mary Jo Moehle, 314/543-2397|