Charter Wraps Up Notes Redemption12/27/2004 7:50 AM Eastern
Charter Communications Inc. said Monday that it has completed redemption on its notes issue.
The MSO completed the redemption of approximately $588 million (principal amount) of its 5.75% convertible senior notes due October at 101.15% of principal amount, plus accrued and unpaid interest to the date of redemption, Dec. 23.
Charter had agreed to the redemption using a portion of the proceeds of its Nov. 22 sale of approximately $862.5 million (original principal amount) of convertible senior notes due 2009 at the time of such notes sale.
The total cost of the redemption to the company was approximately $601.1 million.