Print Page  Close Window

SEC Filings

S-4
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4 on 04/30/1999
Entire Document
 
<PAGE>   171
             CHARTER COMMUNICATIONS HOLDINGS, LLC AND SUBSIDIARIES
 
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
 
ranged from 6.56% to 7.59% at December 31, 1998. A quarterly commitment fee of
between 0.25% and 0.375% per annum is payable on the unborrowed balance of the
revolving credit facility.
 
CCE CREDIT AGREEMENT
 
     Charter Communications Entertainment, LLC, a subsidiary of CCA Group,
maintains a credit agreement (the "CCE Credit Agreement") which provides for a
term loan facility with the principal amount of $130,000 that matures on
September 30, 2007. Amounts under the CCE Credit Agreement bear interest at the
LIBOR Rate or Base Rate, as defined, plus a margin up to 3.25%. The variable
interest rate at December 31, 1998, was 8.62%.
 
CCE-II HOLDINGS CREDIT AGREEMENT
 
     CCE-II Holdings, LLC, a subsidiary of CCA Group, entered into a credit
agreement (the "CCE-II Holdings Credit Agreement"), which provides for a term
loan facility with the principal amount of $95,000 that matures on September 30,
2006. Amounts under the CCE-II Holdings Credit Agreement bear interest at either
the LIBOR Rate or Base Rate, as defined, plus a margin up to 3.25%. The variable
rate at December 31, 1998, was 8.56%.
 
MARCUS -- SENIOR CREDIT FACILITY
 
     Marcus maintains a senior credit facility (the "Senior Credit Facility"),
which provides for two term loan facilities, one with a principal amount of
$490,000 that matures on December 31, 2002 (Tranche A) and the other with a
principal amount of $300,000 that matures on April 30, 2004 (Tranche B). The
Senior Credit Facility provides for scheduled amortization of the two term loan
facilities which began in September 1997. The Senior Credit Facility also
provides for a $360,000 revolving credit facility ("Revolving Credit Facility"),
with a maturity date of December 31, 2002. Amounts outstanding under the Senior
Credit Facility bear interest at either the (i) Eurodollar rate, (ii) prime rate
or (iii) CD base rate or Federal Funds rate, plus a margin up to 2.25%, which is
subject to certain quarterly adjustments based on the ratio of the issuer's
total debt to annualized operating cash flow, as defined. The variable interest
rates ranged from 6.23% to 7.75% at December 31, 1998. A quarterly commitment
fee ranging from 0.250% to 0.375% per annum is payable on the unused commitment
under the Senior Credit Facility.
 
MARCUS -- 13 1/2% SENIOR SUBORDINATED DISCOUNT NOTES
 
     Marcus issued $413,461 face amount of 13 1/2% Senior Subordinated Discount
Notes due August 1, 2004 (the "13 1/2% Notes") for net proceeds of $215,000. The
13 1/2% Notes are unsecured, are guaranteed by Marcus and are redeemable, at the
option of Marcus, at amounts decreasing from 105% to 100% of par beginning on
August 1, 1999. No interest is payable on the 13 1/2% Notes until February 1,
2000. Thereafter, interest is payable semiannually until maturity. The discount
on the 13 1/2% Notes is being accreted using the effective interest method. The
unamortized discount was $30,225 at December 31, 1998.
 
                                      F-16