Charter Communications Inc. said Thursday that it has filed an 8-K with the Securities and Exchange Commission regarding a $600 million senior-bridge-loan agreement.
Senior vice president of communications David Andersen said the agreement was put in place to further enhance liquidity.
“While we have no current liquidity needs, as we've stated before in public filings, cash flows from operating activities and amounts available under our credit facilities may or may not be sufficient to fund the company’s operations and repay debt obligations due in 2006,” he said in a prepared statement.
“While we've not completed the forecasting process for 2006 and, therefore, not determined specific liquidity needs, we believe this is an economical solution to improve liquidity,” Andersen added. “We'll continue our opportunistic approach to maintain liquidity, extend maturities and delever the balance sheet. We have no specific transactions to discuss at this time.”