Charter 2003 Annual Report Download - page 64
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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:
4.00 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:
4.50 through June 29, 2004 4.00 until maturity
3.50 through June 29, 2005
3.00 thereafter until maturity
Based on outstanding indebtedness as of December 31, 2003, total future principal payments on
borrowings under our credit facilities as of December 31, 2003 are presented below (dollars in millions).
While current maturities of debt in 2004 are presented in the table below, current maturities are not presented
on the balance sheet as we intend to reÑnance the amounts due in 2004 with availability under the revolving
portions of our credit facilities.
Charter CC VI Falcon Cable CC VIII
Operating Operating Communications Operating Total
2004 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 36 $ 67 $ 5 $ 80 $ 188
2005 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 249 67 5 105 426
2006 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 640 89 122 148 999
2007 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 942 173 724 241 2,080
ThereafterÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 2,592 472 Ì 470 3,534
$4,459 $868 $856 $1,044 $7,227
The table below presents the total future principal payments on outstanding borrowings under our
subsidiaries bank credit facilities, assuming that the maximum potential borrowings under such facilities were
outstanding as of December 31, 2003 (dollars in millions):
Charter CC VI Falcon Cable CC VIII
Operating Operating Communications Operating Total
2004 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 43 $ 102 $ 29 $ 84 $ 258
2005 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 513 120 170 215 1,018
2006 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1,050 193 387 397 2,027
2007 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 942 214 724 241 2,121
ThereafterÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 2,592 473 Ì 470 3,535
$5,140 $1,102 $1,310 $1,407 $8,959
The following description is merely a summary of certain material provisions of our and our subsidiaries'
existing notes and the credit facilities of our subsidiaries (collectively, the ""Debt Agreements''). The
summary does not restate the terms of the Debt Agreements in their entirety, nor does it describe all terms of
the Debt Agreements. The agreements and instruments governing each of the Debt Agreements are
complicated and you should consult such agreements and instruments for more detailed information regarding
our Debt Agreements. Our Debt Agreements are listed as exhibits to the Charter Communications, Inc. 2003
Annual Report Form 10-K available at www.sec.gov, and are incorporated by reference to the Charter
Communications, Inc. 2003 Annual Report on Form 10-K from other SEC Ñlings of Charter or its
subsidiaries as indicated in the list of exhibits.
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