Renaissance swaps $37.233 million 10% notes for Charter 8 3/8% notes

By Angela McDaniels

Seattle, March 16 - Renaissance Media Group LLC entered into a agreement to exchange $37.233 million of its 10% senior discount notes due 2008 for new notes of Charter Communications Operating LLC and Charter Communications Capital Corp. on Monday, according to an 8-K report filed with the Securities and Exchange Commission on Thursday.

Under the agreement, Renaissance and its subsidiaries - Renaissance Media (Louisiana) LLC, Renaissance Media (Tennessee) LLC and Renaissance Media Capital Corp. - will issue in a Rule 144A transaction $37.372 million of 8 3/8% senior notes due 2014 under terms and conditions identical to Charter's currently outstanding 8 3/8% senior second-lien notes due 2014.

Renaissance is based in St. Louis and provides cable video programming and high-speed internet services.

Charter, a St. Louis-based broadband communications company, is the indirect parent of Renaissance Media.

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