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>   36
 
                                 CAPITALIZATION
 
     The following table sets forth our historical capitalization: (i) as of
December 31, 1998, including the effects of the Marcus Combination; (ii) as
adjusted to give effect to the sale of the Original Notes, the refinancing of
our previous indebtedness with the Credit Facilities, the consummation of the
Tender Offers (as described in "Management's Discussion and Analysis of
Financial Condition and Results of Operations -- The Refinancing")
(collectively, the "Refinancing") as if such transactions had occurred on that
date; and (iii) as further adjusted to give effect to additional borrowings
under the Credit Facilities and an additional equity contribution in connection
with the Pending Acquisitions, as if such transactions had occurred on that
date. This table should be read in conjunction with the Unaudited Pro Forma
Financial Statements and the financial statements included elsewhere in this
Prospectus.
 

<TABLE>
<CAPTION>
                                                                AS OF DECEMBER 31, 1998
                                                        ---------------------------------------
                                                                          AS        AS FURTHER
                                                        HISTORICAL     ADJUSTED      ADJUSTED
                                                        ----------    ----------    -----------
                                                                (DOLLARS IN THOUSANDS)
<S>                                                     <C>           <C>           <C>
CHARTER HOLDINGS:
  Cash and cash equivalents(a)........................  $   10,386    $1,113,143    $    29,117
                                                        ==========    ==========    ===========
  Credit Facilities...................................  $2,534,500    $1,750,000    $ 3,282,103
  Notes...............................................          --     2,999,385      2,999,385
  Existing notes(b)...................................     988,701         1,110          1,110
  10% Senior Discount Notes -- Renaissance(c).........          --            --        111,369
  10% Note payable -- Helicon (d).....................          --            --         25,000
                                                        ----------    ----------    -----------
     Total long-term debt (including current
       maturities)....................................   3,523,201     4,750,495      6,418,967
  Members' equity(e)..................................   3,429,291     3,409,807      4,891,344
                                                        ----------    ----------    -----------
     Total Capitalization.............................  $6,952,492    $8,160,302    $11,310,311
                                                        ==========    ==========    ===========
</TABLE>

 
- -------------------------
 
(a) We presented cash and cash equivalents As Adjusted of $1.1 billion since the
    Company must draw the full amount of the Tranche B term loan facility at one
    time, and therefore, the Company will have cash available pending
    application of such amounts to future acquisitions, capital expenditures and
    other working capital purposes.
 
(b) As Adjusted and As Further Adjusted notes represent the notes of Marcus not
    tendered in connection with the Tender Offers.
 
(c) Represents debt acquired in the Company's acquisition of Renaissance.
 
(d) Represents a note payable to the owners of Helicon issued in conjunction
    with the acquisition of Helicon.
 
(e) Members' Equity As Adjusted is reduced by $19.5 million, the price paid in
    excess of the carrying value of the notes in connection with the Tender
    Offers. Members' Equity As Further Adjusted is increased by $1.5 billion,
    the additional equity that is expected in connection with the Pending
    Acquisitions.
 
                                       32