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SEC Filings

S-4/A
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4/A on 05/12/1999
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             CHARTER COMMUNICATIONS HOLDINGS, LLC AND SUBSIDIARIES
 
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
 
Discount Notes due 2011 (collectively, the "CCH Notes"), the Company
extinguished substantially all long-term debt, excluding borrowings of the
Company under its credit agreements, and refinanced substantially all existing
credit agreements at various subsidiaries with a new credit agreement (the "CCO
Credit Agreement") entered into by Charter Operating. The CCO Credit Agreement
provides for two term facilities, one with a principal amount of $1.0 billion
that matures September 2008 (Term A), and the other with the principal amount of
$1.85 billion that matures on March 2009 (Term B). The CCO Credit Agreement also
provides for a $1.25 billion revolving credit facility with a maturity date of
September 2008. Amounts under the CCO Credit Agreement bear interest at the Base
Rate or the Eurodollar rate, as defined, plus a margin up to 2.75%. A quarterly
commitment fee of between 0.25% and 0.375% per annum is payable on the
unborrowed balance of Term A and the revolving credit facility. On March 17,
1999, the Company borrowed $1.75 billion under Term B and invested the excess
cash of $1.0 billion in short-term investments.
 
     Charter Communications Holdings Capital Corporation (CCHC) is a co-issuer
of the CCH Notes. CCHC is a wholly owned finance subsidiary of Charter Holdings
with no independent assets or operations.
 
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