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S-4/A
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4/A on 06/22/1999
Entire Document
 
<PAGE>   203
             CHARTER COMMUNICATIONS HOLDINGS, LLC AND SUBSIDIARIES
 
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
 
     Based upon outstanding indebtedness at December 31, 1998, and the
amortization of term and fund loans, and scheduled reductions in available
borrowings of the revolving credit facilities, aggregate future principal
payments on the total borrowings under all debt agreements at December 31, 1998,
are as follows:
 

<TABLE>
<CAPTION>
YEAR                                                           AMOUNT
----                                                         ----------
<S>                                                          <C>
1999.......................................................  $   87,950
2000.......................................................     110,245
2001.......................................................     148,950
2002.......................................................     393,838
2003.......................................................     295,833
Thereafter.................................................   2,482,193
                                                             ----------
                                                             $3,519,009
                                                             ==========
</TABLE>

 
7.  FAIR VALUE OF FINANCIAL INSTRUMENTS:
 
     A summary of debt and the related interest rate hedge agreements at
December 31, 1998, is as follows:
 

<TABLE>
<CAPTION>
                                            CARRYING      NOTIONAL        FAIR
DEBT                                         VALUE         AMOUNT        VALUE
----                                       ----------    ----------    ----------
<S>                                        <C>           <C>           <C>
Charter:
  Charter Credit Agreements (including
     CCP, CCA Group and CharterComm
     Holdings)...........................  $1,726,500    $       --    $1,726,500
  Senior Secured Discount Debentures.....     138,102            --       138,102
  11 1/4% Senior Notes...................     137,604            --       137,604
Marcus:
  Senior Credit Facility.................     808,000            --       808,000
  13 1/2% Senior Subordinated Discount
     Notes...............................     425,812            --       418,629
  14 1/4% Senior Discount Notes..........     287,183            --       279,992
INTEREST RATE HEDGE AGREEMENTS
Swaps....................................     (22,092)    1,505,000       (28,977)
Caps.....................................          --        15,000            --
Collars..................................      (4,174)      310,000        (4,174)
</TABLE>

 
     As the long-term debt under the credit agreements bears interest at current
market rates, their carrying amount approximates market value at December 31,
1998. The fair values of the 11 1/4% Notes, the Debentures, the 13 1/2% Notes
and the 14 1/2% Notes are based on quoted market prices.
 
     The weighted average interest pay rate for the Company's interest rate swap
agreements was 7.1% at December 31, 1998. The weighted average interest rate for
the Company's interest rate cap agreements was 8.45% at December 31, 1998. The
weighted
 
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