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SEC Filings

S-1/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 11/04/1999
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(h) Reflects additional interest expense on borrowings which will be used to
    finance the acquisitions as follows (dollars in millions):
 
   

<TABLE>
<S>                                                           <C>
$1.2 billion of credit facilities at composite current rate
  of 7.4% drawn down in March 1999 included in Charter
  Communications Holding Company's historical cash..........  $  85.9
$1.6 billion of credit facilities at composite current rate
  of 7.4%...................................................    118.4
$114.4 million 10% senior discount notes ($78.1 million
  carrying value) -- Renaissance............................      8.0
$150.0 million 9.375% senior subordinated notes -- Avalon...     14.1
$196.0 million 11.875% senior discount notes ($123.5 million
  carrying value) -- Avalon.................................     13.6
$1.0 billion credit facilities for Falcon acquisition (at
  composite current rate of 7.4%)...........................     60.0
$0.9 billion credit facilities for Fanch acquisition (at
  composite current rate of 7.4%)...........................     51.9
$0.2 billion credit facilities for Avalon acquisition (at
  composite current rate of 7.4%)...........................     10.0
$1.7 billion anticipated financing (at 10%).................    171.5
$705.7 million 10.04% bridge loan facility -- Falcon........     70.9
$1.0 billion 8% liability to sellers -- Bresnan.............     80.0
$425.0 million 8% liability to sellers -- Falcon............     34.0
$133.3 million 8% liability to sellers -- Rifkin............     10.7
                                                              -------
  Total pro forma interest expenses.........................    729.0
  Less-historical interest expense from acquired
     companies..............................................   (274.3)
                                                              -------
     Adjustment.............................................  $ 454.7
                                                              =======
</TABLE>

    
 
     The liabilities to the Bresnan, Falcon and Rifkin sellers represents the
     potential obligations to repurchase equity interests issued to the sellers
     arising from possible violations of the Securities Act in connection with
     the issuance of equity interests to these sellers. The possible liability
     to the Falcon sellers would increase to $550 million if the Falcon sellers
     exercise their right to receive up to an additional $125 million of equity
     interests.
 
   
     We have assumed we will fund certain pending acquisitions prior to closing
     with additional financing of $1.7 billion. An interest rate of 10% reflects
     the anticipated borrowing rate available to Charter Communications Holding
     Company. An increase in the interest rate of 0.125% on this assumed debt
     would result in an increase in interest expense of $2.1 million. Should the
     Avalon notes be put to us based on change of control provisions and should
     we become obligated to purchase Rifkin, Falcon and Bresnan seller's equity
     interests, the estimated shortfall would increase to $3.6 billion and
     interest expense would increase by an additional $29.7 million. If we do
     not close on the Avalon credit facilities, the estimated shortfall would
     increase to $3.7 billion and interest expense will increase by $4.4
     million. If we do not close on the Fanch credit facilities, the estimated
     shortfall would increase to $4.6 billion and interest expense will increase
     by $22.8 million. If we do not close on the Falcon bridge loan facility,
     the estimated shortfall would increase to $5.3 billion and interest expense
     would not change. Should we be required to pay InterMedia $0.1 billion for
     a system that did not transfer in our swap with InterMedia because
     necessary regulatory approvals were still pending, interest expense would
     increase by $8.8 million. Principal approximates carrying value for all
     undiscounted debt.
    
 
(i) Represents the elimination of gain (loss) on the sale of cable television
    systems whose results of operations have been eliminated in (c) above.
 
(j) Reflects the elimination of income tax expense (benefit) as a result of
    expected recurring future losses. The losses will not be tax benefited and
    no net deferred tax assets will be recorded.
 
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