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SEC Filings

S-1/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 11/01/1999
Entire Document
 
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December 31, 1998, these systems had revenues of approximately $728.8 million.
The following table is a breakdown of our pending acquisitions:
 
   

<TABLE>
<CAPTION>
                                                                     PURCHASE           AS OF AND FOR THE SIX
                                                                       PRICE          MONTHS ENDED JUNE 30, 1999
                                                                    (INCLUDING        --------------------------
                                           ANTICIPATED             ASSUMED DEBT)                     REVENUES
PENDING ACQUISITIONS                 ACQUISITION CLOSING DATE      (IN MILLIONS)      CUSTOMERS   (IN THOUSANDS)
--------------------                 ------------------------   -------------------   ---------   --------------
<S>                                  <C>                        <C>                   <C>         <C>
Avalon Cable LLC...................      4th Quarter 1999             $  845            260,000      $ 51,769
Cable systems of Fanch Cablevision
  L.P. and affiliates..............      4th Quarter 1999              2,400            537,000        98,931
Falcon Communications, L.P. .......      4th Quarter 1999              3,550          1,008,000       212,205
Bresnan Communications Company
  Limited Partnership..............      1st Quarter 2000              3,100            656,000       137,291
                                                                -------------         ---------      --------
     Total.........................                                      $9,895       2,461,000      $500,196
                                                                -------------         ---------   ------------
                                                                -------------         ---------   ------------
</TABLE>

    
 
   
     We expect to finance these pending acquisitions with the proceeds of this
offering, Mr. Allen's equity contribution through Vulcan Cable III Inc. to
Charter Communications Holding Company, borrowings under credit facilities and
equity issued to specified sellers in our pending Falcon and Bresnan
acquisitions. These available and committed sources of funds will not be
sufficient to consummate our pending acquisitions and fund related obligations.
In connection with our acquisitions, we may need to raise additional amounts up
to a total of approximately $4.36 billion.
    
 
   
     We will need to raise approximately $1.72 billion by borrowing under credit
facilities at Bresnan that have not yet been arranged and/or by issuing debt or
equity securities of Charter Communications, Inc. or Charter Communications
Holding Company, to fund:
    
 
   
     - approximately $0.87 billion of the Bresnan purchase price;
    
 
   
     - approximately $0.50 billion in outstanding Bresnan credit facility
       borrowings that we would have to repay if we are unable to assume and
       amend the existing Bresnan credit facilities; and
    
 
   
     - approximately $0.35 billion in Bresnan notes that we expect to be put to
       us in connection with required change of control offers for these notes.
    
 
   
     In addition, we will have to raise approximately $2.64 billion of
additional financing if we are required to pay:
    
 
   
     - approximately $0.71 billion to repurchase outstanding notes of Falcon if
       committed bridge loan financing does not close;
    
 
   
     - approximately $0.27 billion to repurchase outstanding notes of Avalon;
    
 
   
     - approximately $1.57 billion to repurchase equity interests issued or to
       be issued to specified sellers in connection with a number of our
       acquisitions; and
    
 
   
     - approximately $0.09 billion to InterMedia if we do not obtain timely
       regulatory approvals for our transfer to InterMedia of an Indiana cable
       system and we are unable to transfer replacement systems.
    
 
   
     We cannot assure you that we will be able to raise the financing necessary
to consummate our pending acquisitions and to satisfy the obligations described
above. If
    
 
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