Cable Operators

Charter Notes Offering Closes

12/16/2004 2:31 AM Eastern

Charter Communications Inc. said Tuesday that its indirect subsidiaries have closed on the issuance of $550 million of senior floating-rate notes due 2010.

The intent by CCO Holdings LLC and CCO Holdings Capital Corp. to offer $500 million principal amount of notes was initially announced Dec. 1, with the increase to $550 million coming the following day, after the notes were priced.

Charter plans to use the net proceeds from the sale to pay down debt and for general corporate purposes.

March