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S-4/A
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4/A on 08/27/1999
Entire Document
 
<PAGE>   224
             CHARTER COMMUNICATIONS HOLDINGS, LLC AND SUBSIDIARIES
 
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
 
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%.
    
 
     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.......................................................  $   10,450
2000.......................................................      21,495
2001.......................................................      42,700
2002.......................................................     113,588
2003.......................................................     157,250
Thereafter.................................................   1,652,837
                                                             ----------
                                                             $1,998,320
                                                             ==========
</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 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
INTEREST RATE HEDGE AGREEMENTS
Swaps....................................     (23,216)    1,105,000       (23,216)
Caps.....................................          --        15,000            --
Collars..................................      (4,174)      310,000        (4,174)
</TABLE>

    
 
                                      F-17