Two Charter Offerings Wrap

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Charter Communications announced the closings of two separate offers by its subsidiaries Thursday.

In the offer by its CCHC, CCH II and CCH II Capital subsidiaries to issue a combination of cash, class-A Charter common stock and 10.25% senior notes due 2010 issued by CCH II in exchange for $450 million of Charter's 5.875% convertible senior notes due 2009, $196.7 million in cash, including accrued interest, 41.5 million shares of class-A common stock and $146.2 million aggregate principal amount of CCH II notes were issued as scheduled on Thursday.

And in the offer by its CCH II, CCH II Capital, CCH I and CCH I Capital indirect subsidiaries to issue new notes in exchange for up to any and all of certain series of the outstanding debt securities of Charter Communications Holdings, CCH II issued $250 million principal amount of new 10.25% senior notes due 2013 and CCH I issued $462 million principal amount of 11% senior secured notes due 2015 in exchange for $797.4 million principal amount of Charter Holdings notes.

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