Charter pays $100 million for notes in tender

New York, April 5 - Charter Communications, Inc. said that it paid a total of $100 million including accrued interest for notes in its tender offer.

By the expiration, $168.9 million of notes had been tendered, up from $167.7 million at the early tender deadline.

The tender ended on April 3 and settled Thursday.

In total, the St. Louis-based broadband communications company bought:

• All the $16.633 million of its $104.84 million principal amount of 10% senior notes due 2009 that were tendered;

• All the $7.388 million of its $70.713 million of 10¾% senior notes due 2009 that were tendered;

• All the $15.578 million of its $52,120,145 of 9 5/8% senior notes due 2009 that were tendered;

• All the $14.754 million of its $32.255 million of 10¼% senior notes due 2010 that were tendered;

• All the $5.544 million of its $21.208 million of 11¾% senior discount notes due 2010 that were tendered;

• $5.141 million of the $15.105 million of its $52.086 million of 11 1/8% senior notes due 2011 that were tendered;

• $2.152 million of the $6.319 million of its $61.815 million of 13½% senior discount notes due 2011 that were tendered;

• $11.734 million of the $34.493 million of its $62,995,713 million of 9.92% senior discount notes due 2011 that were tendered;

• $1.887 million of the $5.577 million of its $71.43 million of 10% senior notes due 2011 that were tendered;

• $339,000 of the $1.001 million of its $54.567 million of 11¾% senior discount notes due 2011 that were tendered; and

• $15.743 million of the $46.498 million of its $91.012 million of 12 1/8% senior discount notes due 2012 that were tendered.

For each $1,000 principal amount, Charter said it paid $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, $1,002.50 for the 10% notes due 2011, $1,012.50 for the 11¾% notes due 2011 and $1,012.50 for the 12 1/8% notes.

All prices include a $15.00 per $1,000 early tender premium paid for priority level 3 notes tendered by the early tender deadline and for all level 1 and 2 notes.

Notes due 2009 were level 1, notes due 2010 were level 2 and notes due 2011 were level 3.

Charter announced early tender results on March 20, saying it received tenders for $167.7 million principal amount of notes by the March 19 early tender deadline in its offer to buy 11 series of its notes.

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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