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Charter to Raise $600M via Offering

By Multi Channel News Staff -- Multichannel News, 1/4/2002 11:56:00 AM

Charter Communications Inc. said it plans to raise about $600 million in a bond offering through two of its subsidiaries.

In a press release issued Friday, Charter said the proceeds from the offering of senior discount notes will be used to repay, but not reduce permanently, indebtedness under revolving credit lines of its subsidiaries and for general corporate purposes.

Charter Communications Holdings LLC and Charter Communications Holdings Capital Corp. will sell the bonds.

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