Charter to Raise $600M via Offering1/04/2002 8:56 AM Eastern
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
Charter Communications Holdings LLC and Charter Communications Holdings
Capital Corp. will sell the bonds.