Two Charter Offerings Wrap


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.