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SEC Filings

S-4
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4 on 01/25/2000
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our subsidiaries in October 1998 pursuant to the terms of a management agreement
dated as of October 1998.
 
RECENTLY COMPLETED ACQUISITIONS
 
     RENAISSANCE.  In April 1999, one of our subsidiaries purchased Renaissance
Media Group LLC for approximately $459 million, consisting of $348 million in
cash and $111 million of assumed debt, consisting of the Renaissance notes. As a
result of our acquisition of Renaissance, we recently completed a tender offer
for this publicly held debt pursuant to the change of control provisions under
the Renaissance notes. Holders of notes representing 30% of the total
outstanding principal amount of the notes tendered their notes. See "Description
of Certain Indebtedness" for a description of the material restrictive covenants
and other terms under the Renaissance notes. Renaissance owns cable systems
located in Louisiana, Mississippi and Tennessee, has approximately 132,000
customers and is being operated as part of our Southern region. For the nine
months ended September 30, 1999, Renaissance had revenues of approximately $46.6
million. For the year ended December 31, 1998, Renaissance had revenues of
approximately $41.5 million. Approximately 48% of Renaissance's customers are
currently served by systems with at least 550 megahertz bandwidth capacity.
 
     AMERICAN CABLE.  In May 1999, one of our subsidiaries purchased American
Cable Entertainment, LLC for approximately $240 million. American Cable owns
cable systems located in California serving approximately 69,000 customers and
is being operated as part of our Western region. For the nine months ended
September 30, 1999, American Cable had revenues of approximately $27.5 million.
For the year ended December 31, 1998, American Cable had revenues of
approximately $15.7 million. None of the American Cable systems' customers is
currently served by systems with 550 megahertz bandwidth capacity or greater.
 
     GREATER MEDIA SYSTEMS.  In June 1999, one of Charter Holdings' subsidiaries
purchased certain cable systems of Greater Media Cablevision Inc. for
approximately $500 million. The Greater Media systems are located in
Massachusetts, have approximately 174,000 customers and are being operated as
part of our Northeast Region. For the nine months ended September 30, 1999, the
Greater Media systems had revenues of approximately $63.7 million. For the year
ended December 31, 1998, the Greater Media systems had revenues of approximately
$78.6 million. Approximately 49% of the Greater Media systems' customers are
currently served by systems with at least 550 megahertz bandwidth capacity.
 
     HELICON.  In July 1999, we acquired Helicon Partners I, L.P. and affiliates
for approximately $550 million, consisting of $410 million in cash, $115 million
of assumed debt, and $25 million in the form of preferred limited liability
company interest of Charter-Helicon LLC, a direct wholly owned subsidiary of
Charter Communications, LLC. The holders of the preferred interest have the
right to require Mr. Allen to purchase the interest until the fifth anniversary
of the closing of the Helicon acquisition. The preferred interest will be
redeemable at any time following the fifth anniversary of the Helicon
acquisition or upon a change of control, and it must be redeemed on the tenth
anniversary of the Helicon acquisition. Helicon owns cable systems located in
Alabama, Georgia, New Hampshire, North Carolina, West Virginia, South Carolina,
Tennessee, Pennsylvania, Louisiana and Vermont, and has approximately 172,000
customers. For the nine months ended September 30, 1999, Helicon had revenues of
approximately $63.8 million. For the year ended December 31, 1998, Helicon had
revenues of approximately $75.6 million. Approximately 79% of Helicon's
customers are currently served by systems with at least 550 megahertz bandwidth
capacity. The debt we assumed consisted of publicly held Helicon notes. On
November 1, 1999, we redeemed all of the Helicon notes at a price of 103% of the
total principal amount of the notes, plus accrued and unpaid interest to the
date of redemption.
 
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