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.

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