Charter extends exchange offer
Copyright 2006 AFX News Limited
December 19, 2006 Tuesday 8:15 PM GMT
From Lexis Nexis
ST. LOUIS (AFX) - Charter Communications Inc., the nation's fourth-largest cable company, said Tuesday that its subsidiaries are extending the expiration date of their offer to exchange $712 million in senior notes.
CCH I LLC, CCH I Capital Corp., CCH II LLC, and CCH II Capital Corp. are extending the expiration dates on outstanding $462 million CCH I senior notes due 2015, and $250 million of CCH II senior notes due 2013 for a similar amount of new senior notes with the same corresponding due dates.
The exchange offer was originally set to expire on Dec. 18, but has been extended to Dec. 21.
The notes were issued in a private placement in September and are guaranteed by Charter Communications Holdings LLC.
All other terms of the exchange offer remain unchanged.
Shares of Charter Communications shed 3 cents to $3 in afternoon trading on the Nasdaq.