Charter Updates Notes Offering

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Charter Communications Friday announced the results to date of the offers by indirect subsidiaries CCH II and CCH I to issue new notes in exchange for up to any and all of each series of outstanding notes listed below of Charter Communications Holdings (www.multichannel.com/article/CA6361739.html).

CCH II is offering to issue up to $200 million of new 10.25% senior notes due 2013 and CCH I is offering to issue up to $675 million of 11% senior secured notes due 2015 in exchange for up to any and all of each series of Charter Holdings' notes with maturities in 2009 and 2010 and in 2011 and 2012.

Charter said that as of 5 p.m. (EST) Thursday, approximately $483.1 million in aggregate principal amount of old notes had been validly tendered, consisting of approximately $183.1 million aggregate principal amount of the 2009-2010 notes and approximately $300 million aggregate principal amount of 2011-2012 notes.

The company added that based upon the tenders to date and subject to consummation of the offers, $200 million aggregate principal amount of CCH II notes and approximately $212 million aggregate principal amount of CCH I notes would be issued. Approximately $593.2 million aggregate principal amount of 2009-2010 notes and approximately $583.4 million aggregate principal amount of 2011-2012 notes would remain outstanding.

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