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SEC Filings

S-1/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 09/28/1999
Entire Document
 
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<TABLE>
<CAPTION>
                                                              AS OF JUNE 30, 1999
                                                 ----------------------------------------------
                                                    CHARTER
                                                 COMMUNICATIONS    CHARTER COMMUNICATIONS, INC.
                                                    HOLDING        ----------------------------
                                                    COMPANY                         PRO FORMA
                                                     ACTUAL         PRO FORMA      AS ADJUSTED
                                                 --------------    ------------    ------------
                                                             (DOLLARS IN THOUSANDS)
<S>                                              <C>               <C>             <C>
Long-term debt:
  Credit facilities(a).........................    $2,025,000      $ 2,025,000     $ 5,735,000
  8.250% senior notes -- Charter Holdings......       600,000          600,000         600,000
  8.625% senior notes -- Charter Holdings......     1,500,000        1,500,000       1,500,000
  9.920% senior discount notes -- Charter
     Holdings..................................     1,475,000        1,475,000       1,475,000
  10% senior discount notes -- Renaissance.....       114,413          114,413         114,413
  Notes and debentures -- Falcon(b)............            --               --         825,250
  Notes -- Avalon(c)...........................            --               --         346,000
  Notes -- Bresnan(d)..........................            --               --         445,000
  Other(e).....................................         1,010            1,010       1,388,198
                                                   ----------      -----------     -----------
                                                    5,715,423        5,715,423      12,428,861
  Net unamortized discount.....................      (581,113)        (581,113)       (945,742)
                                                   ----------      -----------     -----------
          Total long-term debt.................     5,134,310        5,134,310      11,483,119
                                                   ----------      -----------     -----------
Members' equity(f).............................     3,204,122               --              --
                                                   ----------      -----------     -----------
Minority interest(f)(g)........................            --        3,425,546       6,761,825
                                                   ----------      -----------     -----------
Stockholders' equity:
  Class A common stock; $.001 par value;
     1.5 billion shares authorized; 170 million
     shares issued and outstanding on a pro
     forma basis...............................            --              170             170
  Class B common stock; $.001 par value;
     1 billion shares authorized; 50,000 shares
     issued and outstanding on a pro forma
     basis.....................................            --               --              --
  Preferred stock; $.001 par value; 250 million
     shares authorized; no shares issued and
     outstanding...............................            --               --              --
  Additional paid-in capital...................                      2,677,006       2,973,939
                                                   ----------      -----------     -----------
     Total stockholders' equity(g)(h)..........            --        2,677,176       2,974,109
                                                   ----------      -----------     -----------
          Total capitalization.................    $8,338,432      $11,237,032     $21,219,053
                                                   ==========      ===========     ===========
</TABLE>

    
 
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(a)  Pro forma as adjusted credit facilities consist of $3.0 billion of existing
     credit facilities at Charter Operating, $1.0 billion of committed credit
     facilities at Falcon, $0.8 billion of credit facilities at Avalon and
     Bresnan that we expect to arrange on terms similar to the existing credit
     facilities at those companies and a $0.9 billion credit facility at Fanch
     that we expect to arrange. If we are unable to arrange this new $1.7
     billion in bank financing, the amount of debt needed to be raised prior to
     closing of our pending acquisitions would increase, as discussed in (e)
     below. Additional interest expense that would be incurred as a result of
     less favorable terms is discussed in the "Unaudited Pro Forma Financial
     Statements".
    
 
   
(b)  Consists of 8.375% senior debentures of $375 million, 9.285% senior
     discount debentures of $435.25 million, and 11.56% subordinated notes of
     $15 million.
    
 
   
(c)  Consists of 9.375% senior subordinated notes of $150 million and 11.875%
     senior discount notes of $196 million.
    
 
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