Charter Seeks OK for Allen Loan

Author:
Publish date:

Charter Communications Inc. Friday sought senior lenders' approval of a $300
million loan from chairman Paul Allen, Reuters reported.

Allen, the MSO's largest shareholder, agreed last month to lend it $300
million to strengthen its financial condition.

The company held a conference call with some senior lenders Friday to discuss
the plan, which calls for the creation of a new corporate entity that will
borrow the money from Allen, sources told Reuters.

Related