Charter to Issue Notes, Register Shares

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Charter Communications Inc. said Monday that it will issue $750 million in convertible notes due 2009 in a private-placement offering.

The MSO said a portion of the notes will be used to retire its existing $588 million convertible senior notes that are due in October 2005.

In a separate announcement, the company said it would register up to 150 million shares of its class-A common stock with the Securities and Exchange Commission.

Charter said it would loan the shares to a financial institution pursuant to a share-lending agreement for sale in a public offering by an affiliate of that financial institution.

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