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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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     CHARTER OPERATING CREDIT FACILITIES.   Charter Operating's credit
facilities provide for two term facilities, one with a principal amount of $1.0
billion that matures September 2007 (Term A), and the other with the principal
amount of $1.85 billion that matures on March 2008 (Term B). Our credit
facilities also provide for a $1.25 billion revolving credit facility with a
maturity date of September 2007. As of June 30, 1999, approximately $2.025
billion was outstanding and $2.075 billion was available for borrowing under
Charter Operating's credit facilities. In addition, an uncommitted incremental
term facility of up to $500 million with terms similar to the terms of Charter
Operating's credit facilities is permitted under these credit facilities, but
will be conditioned on receipt of additional new commitments from existing and
new lenders.
 
     Amounts under Charter Operating's credit facilities bear interest at a base
rate or a eurodollar rate, plus a margin up to 2.75%. A quarterly commitment fee
of between 0.25% and 0.375% per annum is payable on the unborrowed balance of
Term A and the revolving credit facility. The weighted average interest rate for
outstanding debt on June 30, 1999 was 7.4%. Furthermore, Charter Operating has
entered into interest rate protection agreements to reduce the impact of changes
in interest rates on our debt outstanding under its credit facilities. See
"-- Interest Rate Risk".
 
     RENAISSANCE NOTES.   We acquired Renaissance in April 1999. The Renaissance
10% senior discount notes due 2008 had a $163.2 million principal amount at
maturity outstanding and $100.0 million accreted value upon issuance. The
Renaissance notes do not require the payment of interest until April 15, 2003.
From and after April 15, 2003, the Renaissance notes bear interest, payable
semi-annually in cash, on each April 15 and October 15, commencing October 15,
2003. The Renaissance notes are due on April 15, 2008. Due to the change of
control of Renaissance, an offer to purchase the Renaissance notes was made at
101% of their accreted value, plus accrued and unpaid interest, on June 28,
1999. Of the $163.2 million face amount of Renaissance notes outstanding, $48.8
million were repurchased. As of June 30, 1999, the accreted value of the
Renaissance notes was approximately $82.6 million.
 
     HELICON NOTES.   We acquired Helicon in July 1999. As of June 30, 1999,
Helicon had outstanding $115.0 million in principal amount of 11% senior secured
notes due 2003. On November 1, 1999, we redeemed all of the Helicon notes at a
purchase price equal to 103% of their principal amount, plus accrued interest,
for $124.8 million.
 
     RIFKIN NOTES.   We acquired Rifkin in September 1999. As of June 30, 1999,
Rifkin had outstanding $125.0 million in principal amount of 11 1/8% senior
subordinated notes due 2006. Interest on the Rifkin subordinated notes is
payable semi-annually on January 15 and July 15 of each year. In September 1999,
we commenced an offer to purchase any and all of the outstanding Rifkin notes,
together with a $3.0 million promissory note payable to Monroe Rifkin, for cash
at a premium over the principal amounts. In conjunction with this tender offer,
we sought and obtained the consent of a majority in principal amount of the
holders of the outstanding Rifkin notes to proposed amendments to the indenture
governing the Rifkin notes, which eliminated substantially all of the
restrictive covenants. We purchased notes with a total outstanding principal
amount of $124.1 million for a total of $140.6 million, including a consent fee
of $30 per
 
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