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SEC Filings

S-1/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 11/01/1999
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11 7/8% notes and the Avalon credit facilities, respectively. We will make an
offer to repurchase the Avalon 9 3/8% notes and the Avalon 11 7/8% notes. We
have received commitments from a group of lenders for credit facilities for
Avalon providing for borrowings of up to $300.0 million. We expect to borrow
approximately $169.0 million under these credit facilities to fund a portion of
the Avalon purchase price. We expect the closing of these facilities to occur
concurrently with the closing of the Avalon acquisition. See "Description of
Certain Indebtedness" for a description of the material restrictive covenants
and other terms of the Avalon indebtedness.
    
 
     Approximately 15% of the Avalon systems' customers are currently served by
systems with at least 550 megahertz bandwidth capacity. Following regulatory
approvals, we anticipate that the transaction will close during the fourth
quarter of 1999. Either Avalon Cable Holdings, LLC or we may terminate the
agreement if the acquisition has not been completed on or prior to March 31,
2000.
 
   
     FANCH.   In May 1999, Charter Investment, Inc. entered into an agreement to
purchase the partnership interests of Fanch Cablevision of Indiana, L.P.,
specified assets of Cooney Cable Associates of Ohio, Limited Partnership,
Fanch-JV2 Master Limited Partnership, Mark Twain Cablevision Limited
Partnership, Fanch-Narragansett CSI Limited Partnership, North Texas
Cablevision, Ltd., Post Cablevision of Texas, Limited Partnership and Spring
Green Communications, L.P. and the stock of Tioga Cable Company, Inc., Cable
Systems, Inc. and, indirectly, Hornell Television Service, Inc. for a total
combined purchase price of approximately $2.4 billion in cash. We have received
commitments from a group of lenders for credit facilities for Fanch providing
for borrowings of up to $1.2 billion. We expect to use $0.9 billion of this
availability to fund a portion of the Fanch purchase price. The closing of these
facilities is expected to occur concurrently with the closing of the Fanch
acquisition.
    
 
   
     Charter Investment, Inc. has assigned its rights and obligations to
purchase the stock of Tioga Cable Company, Inc. and Cable Systems, Inc. under
this agreement to Charter Communications Holding Company and its rights and
obligations to purchase partnership interests and assets under this agreement to
Charter Communications VI, LLC, an indirect wholly-owned subsidiary of Charter
Communications Holding Company. Under the Fanch purchase agreement, immediately
prior to the closing of the Fanch acquisition, certain assets of TWFanch-one Co.
will be distributed to Fanch Cablevision of Indiana and Hornell Television
Service, Inc. in exchange for all of their partnership interests in TWFanch-one
Co. In addition, immediately prior to the closing of the Fanch acquisition,
certain assets of TWFanch-two Co. will be distributed to Fanch-JV2 Master and
Cooney Cable in exchange for all of their partnership interests in TWFanch-two
Co.
    
 
     The cable television systems to be acquired in this acquisition are located
in Colorado, Indiana, Kansas, Kentucky, Michigan, Mississippi, New Mexico,
Oklahoma, Texas and Wisconsin, and serve approximately 537,000 customers. For
the six months ended June 30, 1999, the cable systems to be acquired had
revenues of approximately $98.9 million. For the year ended December 31, 1998,
the systems to be acquired had revenues of approximately $141.1 million.
Approximately 19% of these systems'
 
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