Charter begins $100 million tender for several notes series

By Jennifer Chiou

New York, March 6 - Charter Communications, Inc. said its indirect subsidiary, Charter Communications Holdings, LLC, launched a $100 million cash tender offer for various series of its notes.

The offer ends at 5 p.m. ET on April 3.

The St. Louis-based broadband communications company will pay a maximum of $100 million in the tender for its $104.84 million of 10% senior notes due 2009, $70.713 million of 10¾% senior notes due 2009, $52,120,145 of 9 5/8% senior notes due 2009, $32.255 million of 10¼% senior notes due 2010, $21.208 million of 11¾% senior discount notes due 2010, $52.086 million of 11 1/8% senior notes due 2011, $61.815 million of 13½% senior discount notes due 2011, $62,995,713 million of 9.92% senior discount notes due 2011, $71.43 million of 10% senior notes due 2011, $54.567 million of 11¾% senior discount notes due 2011 and $91.012 million of 12 1/8% senior discount notes due 2012.

For each $1,000 principal amount, Charter said it will pay $1,013.75 for the 10% notes due 2009, $1,028.75 for the 10¾% notes, $1,008.75 for the 9 5/8% notes, $1,011.25 for the 10¼% notes, $1,017.50 for the 11¾% notes due 2010, $1,005.00 for the 11 1/8% notes, $1,043.75 for the 13½% notes, $1,002.50 for the 9.92% notes, $1,012.50 for the 11¾% notes due 2011 and $1,012.50 for the 12 1/8% notes.

All payouts include a $15.00 early tender premium for those who tender prior to 5 p.m. ET on March 19. Holders who tender will also receive accrued interest to the purchase date.

Citigroup Corporate and Investment Banking is the dealer manager (call collect 212 723-6106 or 800 558-3745). Global Bondholder Services Corp. is the information agent (call collect 212 430-3774 or 866 294-2200).

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