Charter Redeems Senior Discount Notes

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Charter Communications Inc. subsidiary CC V Holdings LLC (formerly known as Avalon Cable LLC) has completed the redemption of its 11.875% senior discount notes due 2008.

CC V Holdings redeemed approximately $113 million of notes, representing all of the outstanding notes, at 103.958% of principal amount, plus accrued and unpaid interest to the date of redemption, which was Monday.

The total cost of redemption to Charter was approximately $122 million.

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