Charter extends exchange offer
Charter Communications Holdings and Charter Communications Capital Corp., subsidiaries of broadband communications company Charter Communications, have extended their original offer to exchange about $1.5 billion in debt. The original deadline was yesterday. The new deadline is 5 p.m. EDT on Monday.
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As of yesterday, about $281 million in aggregate principal amount of 9.625% senior notes due 2009, $378.3 million in aggregate principal of 10% senior notes due 2011, and $732.4 million in aggregate principal of 11.75% senior discounts due 2011 are confirmed as exchanged for a like principal amount of new notes.
--Amalia Parthenios, staff writer
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© 2012 Penton Media Inc.
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