Charter 2002 Annual Report Download - page 45

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The maximum allowable leverage ratio declines over the term of each credit facility before becoming
Ñxed until the credit facility matures as follows:
Charter Operating: CC VI Operating:
4.25 through June 30, 2003 6.25 through June 30, 2003
4.00 thereafter until maturity 5.50 through June 30, 2004
4.50 through June 30, 2005
4.00 thereafter until maturity
Falcon Cable Communications: CC VIII Operating:
5.00 through June 29, 2003 4.75 through September 30, 2003
4.50 through June 29, 2004 4.00 thereafter until maturity
3.50 through June 29, 2005
3.00 thereafter until maturity
Based upon outstanding indebtedness as of December 31, 2002, aggregate future principal payments on
borrowings under our credit facilities as of December 31, 2002 are presented below (dollars in millions).
While current maturities of debt in 2003 are presented in the table below, current maturities are not presented
on the balance sheet as we intend to reÑnance the amounts due in 2003 with availability under the revolving
portions of our credit facilities or with cash on hand.
Charter CC VI Falcon Cable CC VIII
Operating Operating Communications Operating Total
2003 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 35 $ 49 $ 5 $ 80 $ 169
2004 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 36 72 5 80 193
2005 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 249 71 35 105 460
2006 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 688 94 386 190 1,358
2007 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 942 140 724 241 2,047
ThereafterÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 2,592 500 Ì 470 3,562
$4,542 $926 $1,155 $1,166 $7,789
The table below presents the aggregate future principal payments on outstanding borrowings under our
credit facilities, assuming that the maximum available borrowings under such facilities were outstanding as of
December 31, 2002 (dollars in millions):
Charter CC VI Falcon Cable CC VIII
Operating Operating Communications Operating Total
2003 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 35 $ 49 $ 19 $ 84 $ 187
2004 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 43 106 29 85 263
2005 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 513 124 170 215 1,022
2006 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1,050 199 386 398 2,033
2007 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 942 222 724 240 2,128
ThereafterÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 2,592 500 Ì 470 3,562
$5,175 $1,200 $1,328 $1,492 $9,195
Charter Operating Credit Facilities. Obligations under the Charter Operating credit facilities are
guaranteed by Charter Operating's parent, Charter Holdings, and by Charter Operating's subsidiaries. The
obligations under the Charter Operating credit facilities are secured by pledges of all equity interests owned by
Charter Operating and its subsidiaries in other persons, and intercompany obligations owing to Charter
Operating and/or its subsidiaries by their aÇliates, but are not secured by the other assets of Charter
Operating or its subsidiaries. The obligations under the Charter Operating credit facilities are also secured by
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