Charter 2003 Annual Report Download - page 66

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outside the lending group that agree to provide it. Amounts under the CC VI Operating credit facilities bear
interest at the Eurodollar rate or the base rate, each as deÑned, plus a margin of up to 2.5% for Eurodollar
loans (2.40% to 3.66% as of December 31, 2003) and 1.5% for base rate loans. A quarterly commitment fee of
0.25% per year is payable on the unborrowed balance of the Term A facility and the revolving facility.
As of December 31, 2003, outstanding borrowings under the CC VI Operating credit facilities were
$868 million and unused availability was $234 million, although our Ñnancial covenants limited the availability
under these facilities to $119 million as of December 31, 2003.
Falcon Cable Credit Facilities
The obligations under the Falcon credit facilities are guaranteed by the direct parent of Falcon Cable
Communications, Charter Communications VII, LLC, and by the subsidiaries of Falcon Cable Communica-
tions (except for certain excluded subsidiaries). The obligations under the Falcon credit facilities are secured
by pledges of all of the equity interests in the guarantor subsidiaries of Falcon Cable Communications, but are
not secured by other assets of Falcon Cable Communications or its subsidiaries. The obligations under the
Falcon credit facilities are also secured by a pledge of the equity interests of Charter Communications VII in
Falcon Cable Communications and intercompany obligations owing to Charter Communications VII by
Falcon Cable Communications and its guarantor subsidiaries, but are not secured by the other assets of
Charter Communications VII.
The Falcon credit facilities provide for two term facilities, one with a principal amount of $190 million
that matures June 2007 (Term B), and the other with the principal amount of $285 million that matures
December 2007 (Term C). The Falcon credit facilities also provide for a reducing revolving facility of up to
approximately $60 million (maturing in December 2006), a reducing supplemental facility of up to
approximately $105 million (maturing in December 2007) and a second reducing revolving facility of up to
$670 million (maturing in June 2007). Supplemental credit facilities in the amount of up to $486 million may
also be available from lenders within or outside the lending group that agree to provide it. Amounts under the
Falcon Cable credit facilities bear interest at the Eurodollar rate or the base rate, each as deÑned, plus a
margin of up to 2.25% for Eurodollar loans (2.40% to 3.42% as of December 31, 2003) and up to 1.25% for
base rate loans. A quarterly commitment fee of between 0.25% and 0.375% per year is payable on the
unborrowed balance of the revolving facilities.
As of December 31, 2003, outstanding borrowings were $856 million and unused availability was
$454 million, although our Ñnancial covenants limited the availability under these facilities to $366 million as
of December 31, 2003.
CC VIII Operating Credit Facilities
The obligations under the CC VIII Operating credit facilities are guaranteed by the parent company of
CC VIII Operating, CC VIII Holdings, LLC, and by the subsidiaries of CC VIII Operating other than
immaterial subsidiaries. The obligations under the CC VIII Operating credit facilities are secured by pledges
of all equity interests owned by CC VIII Operating and its guarantor subsidiaries in other persons, and by
intercompany obligations owing to CC VIII Operating and/or its guarantor subsidiaries by their aÇliates, but
are not secured by other assets of CC VIII Operating or its subsidiaries. The obligations under the CC VIII
Operating credit facilities are also secured by pledges of equity interests owned by CC VIII Holdings in other
persons, and by intercompany obligations owing to CC VIII Holdings by its aÇliates, but are not secured by
the other assets of CC VIII Holdings.
The CC VIII Operating credit facilities provide for borrowings of up $1.4 billion as of December 31,
2003. The CC VIII Operating credit facilities provide for two term facilities, a Term A facility with a reduced
current total principal amount of $375 million, that continues reducing quarterly until it reaches maturity in
June 2007, and a Term B facility with a principal amount of $490 million, that continues reducing quarterly
until it reaches maturity in February 2008. The amortization of the principal amount of the Term B term loan
facilities is substantially ""back-ended,'' with more than 90% of the principal balance due in the year of
maturity. The CC VIII Operating credit facilities also provide for two reducing revolving credit facilities, in
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