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SEC Filings

S-4/A
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4/A on 05/12/1999
Entire Document
 
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(a) Includes the results of operations of Rifkin Acquisition Partners, L.L.L.P.,
    Rifkin Cable Income Partners, L.P., Indiana Cable Associates, Ltd and R/N
    South Florida Cable Management Limited Partnership.
 
   
(b) Represents the historical results of operations for the period from January
    1, 1998 through the date of acquisition for acquisitions completed by
    Renaissance (as defined below), the InterMedia Systems (as defined below),
    Helicon (as defined below) and Rifkin (as defined below) and for the period
    from January 1, 1998 through December 31, 1998, for acquisitions to be
    completed in 1999.
    
 
(c) Represents the elimination of the operating results primarily related to the
    cable systems to be transferred to the InterMedia Systems as part of a swap
    of cable systems, and related to the sale of several smaller cable systems.
 
(d) Reflects a reclassification of expenses representing corporate expenses that
    would have occurred at CCI.
 
   
(e) Represents additional amortization of franchises as a result of our recent
    acquisitions and pending acquisitions. The excess of purchase price over the
    net tangible assets acquired ($3.6 billion) is expected to be recorded in
    franchises (amortized over 15 years).
    
 
(f) Reflects additional interest expense on borrowings which will be used to
    finance the acquisitions (using a 7.4% interest rate).
 
(g) Represents the elimination of gain (loss) on the sale of assets.
 
(h) Reflects the elimination of income tax expense as a result of being acquired
    by a limited liability corporation.
 
   
     NOTE D:  We have refinanced substantially all of our long-term debt and
plan to incur additional debt in connection with our recent acquisitions and
pending acquisitions. See "Capitalization." The refinancing adjustment of lower
interest expense consists of the following (dollars in thousands):
    
 

<TABLE>
<CAPTION>
                                                              INTEREST
DESCRIPTION                                                    EXPENSE
- -----------                                                   ---------
<S>                                                           <C>
Notes (at blended rate of 9.0%).............................  $ 269,000
Credit Facilities (at blended rate of 7.4%).................    243,000
Amortization of debt issuance costs.........................     15,600
Commitment fee on unused portion of Credit Facilities ($818
  at 0.375%)................................................      3,100
10% Senior discount notes -- Renaissance....................     11,000
10% note payable -- Helicon.................................      3,000
                                                              ---------
  Total pro forma interest expense..........................    544,700
  Less -- interest expense (Charter, Marcus and Pending
     Acquisitions)..........................................   (548,900)
                                                              ---------
     Adjustment.............................................  $  (4,200)
                                                              =========
</TABLE>

 
   
     NOTE E:  CCI provided corporate management and consulting services on
behalf of the Charter Companies for 1998 and for the Marcus Companies beginning
in October 1998. See "Certain Relationships and Related Transactions."
    
 
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