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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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     In addition to these acquisitions, since the beginning of 1999, Charter
Communications Holding Company and its subsidiaries have entered into definitive
agreements to acquire the Avalon, Fanch, Falcon and Bresnan cable systems. All
of these acquisitions are set forth in the table below. These acquisitions are
expected to be funded through the net proceeds of the offering, borrowings under
credit facilities, additional equity and debt financings and the assumption of
outstanding notes issued by Avalon and Bresnan. Not all of the funding necessary
to complete these acquisitions has been arranged. See "-- Liquidity and Capital
Resources" and "Description of Certain Indebtedness".
    
 
   
     Under the Falcon purchase agreement, specified Falcon sellers have agreed
to receive a portion of the Falcon purchase price in the form of membership
units in Charter Communications Holding Company ranging from a minimum with an
estimated value of $425 million to a maximum of $550 million. Under the Bresnan
purchase agreement, the Bresnan sellers have agreed to receive $1.0 billion of
the Bresnan purchase price in the form of membership units in Charter
Communications Holding Company, which, as of the closing of the offering, would
equal approximately 6.7% of the total membership units in Charter Communications
Holding Company. See "Business -- Acquisitions". In addition, certain Rifkin
sellers received $133.3 million of the purchase price in the form of preferred
equity of Charter Communications Holding Company. Under the Helicon purchase
agreement, $25 million of the purchase price was paid in the form of preferred
limited liability company interests of Charter-Helicon, LLC, a direct wholly
owned subsidiary of Charter Communications, LLC, itself an indirect subsidiary
of Charter Communications Holding Company.
    
 
   

<TABLE>
<CAPTION>
                                                                                 AS OF AND FOR
                                                                              THE SIX MONTHS ENDED
                                                                                 JUNE 30, 1999
                                        ACTUAL OR                         ----------------------------
                                       ANTICIPATED        PURCHASE
                                       ACQUISITION          PRICE                          REVENUE
ACQUISITION                                DATE         (IN MILLIONS)      CUSTOMERS    (IN THOUSANDS)
-----------                            -----------      -------------      ---------    --------------
<S>                                  <C>               <C>                <C>           <C>
Renaissance........................        4/99        $           459       129,000       $ 30,807
American Cable.....................        5/99                    240        69,000         17,958
Greater Media systems..............        6/99                    500       175,000         42,348
Helicon............................        7/99                    550       173,000         42,956
Vista..............................        7/99                    126        28,000          7,101
Cable Satellite....................        8/89                     22         9,000          2,056
Rifkin.............................        9/99                  1,460       461,000        105,592
InterMedia systems.................       10/99                   904+       412,000        100,644
                                                          systems swap      (144,000)(a)
                                                                          -----------
                                                                             268,000
Avalon.............................  4th Quarter 1999              845       260,000         51,769
Fanch..............................  4th Quarter 1999            2,400       537,000         98,931
Falcon.............................  4th Quarter 1999            3,550     1,008,000        212,205
Bresnan............................  1st Quarter 2000            3,100       656,000        137,291
                                                       ---------------     ---------       --------
     Total.........................                    $        14,156     3,773,000       $849,658
                                                       ===============     =========       ========
</TABLE>

    
 
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(a) Represents the number of customers served by cable systems that we agreed to
    transfer to InterMedia. This number includes 30,000 customers served by an
    Indiana cable system that we did
    
 
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