Charter 2004 Annual Report Download - page 127

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CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES 2004 FORM 10-K
Notes to Consolidated Financial Statements (continued)
January 2000 Charter Holdings Notes. The January 2000 Charter amount at maturity of $675 million. As of December 31, 2004,
Holdings notes are general unsecured obligations of Charter the total accreted value of these 13.500% notes was approxi-
Holdings and Charter Capital. The January 2000 10.00% Charter mately $589 million. Cash interest on the January 2001 13.500%
Holdings notes mature on April 1, 2009, and as of December 31, Charter Holdings notes will not accrue prior to January 15,
2004, there was $640 million in total principal amount of these 2006.
notes outstanding. The January 2000 10.25% Charter Holdings The January 2001 Charter Holdings notes are senior debt
notes mature on January 15, 2010 and as of December 31, 2004, obligations of Charter Holdings and Charter Capital. They rank
there was $318 million in total principal amount of these notes equally with all other current and future unsubordinated
outstanding. The January 2000 11.75% Charter Holdings notes obligations of Charter Holdings and Charter Capital. They are
mature on January 15, 2010 and as of December 31, 2004, the structurally subordinated to the obligations of Charter Holdings’
total principal amount outstanding was $450 million and the subsidiaries, including the CCH II notes, the CCO Holdings
total accreted value of these notes was approximately $448 mil- notes, the Renaissance notes, the CC V Holdings notes, the
lion. Cash interest on the January 2000 11.75% Charter Holdings Charter Operating credit facilities and the Charter Operating
notes began to accrue on January 15, 2005. notes.
The January 2000 Charter Holdings notes are senior debt Charter Holdings and Charter Capital will not have the
obligations of Charter Holdings and Charter Capital. They rank right to redeem the January 2001 10.750% Charter Holdings
equally with all other current and future unsubordinated notes prior to their maturity date on October 1, 2009. On or
obligations of Charter Holdings and Charter Capital. They are after January 15, 2006, Charter Holdings and Charter Capital
structurally subordinated to the obligations of Charter Holdings’ may redeem some or all of the January 2001 11.125% Charter
subsidiaries, including the CCH II notes, the CCO Holdings Holdings notes and the January 2001 13.500% Charter Holdings
notes, the Renaissance notes, the CC V Holdings notes, the notes at any time, in each case, at a premium. The optional
Charter Operating credit facilities and the Charter Operating redemption price declines to 100% of the principal amount of
notes. the January 2001 Charter Holdings notes redeemed, plus
Charter Holdings and Charter Capital will not have the accrued and unpaid interest, if any, for redemption on or after
right to redeem the January 2000 10.00% Charter Holdings January 15, 2009.
notes prior to their maturity on April 1, 2009. Charter Holdings In the event that a specified change of control event occurs,
and Charter Capital may redeem some or all of the January Charter Holdings and Charter Capital must offer to repurchase
2000 10.25% Charter Holdings notes and the January 2000 any then outstanding January 2001 Charter Holdings notes at
11.75% Charter Holdings notes at any time, in each case, at a 101% of their total principal amount or accreted value, as
premium. The optional redemption price declines to 100% of applicable, plus accrued and unpaid interest, if any.
the principal amount of the January 2000 Charter Holdings The indentures governing the January 2001 Charter Hold-
notes redeemed, plus accrued and unpaid interest, if any, for ings notes contain substantially identical events of default,
redemption on or after January 15, 2008. affirmative covenants and negative covenants as those contained
In the event that a specified change of control event occurs, in the indentures governing the March 1999 and January 2000
Charter Holdings and Charter Capital must offer to repurchase Charter Holdings notes.
any then outstanding January 2000 Charter Holdings notes at May 2001 Charter Holdings Notes. The May 2001 Charter
101% of their total principal amount or accreted value, as
Holdings notes are general unsecured obligations of Charter
applicable, plus accrued and unpaid interest, if any.
Holdings and Charter Capital. The May 2001 9.625% Charter
The indentures governing the January 2000 Charter Hold-
Holdings notes mature on November 15, 2009, and as of
ings notes contain substantially identical events of default,
December 31, 2004, combined with the January 2002 additional
affirmative covenants and negative covenants as those contained
bond issue, there was $640 million in total principal amount
in the indentures governing the March 1999 Charter Holdings
outstanding. The May 2001 10.000% Charter Holdings notes
notes.
mature on May 15, 2011 and as of December 31, 2004,
January 2001 Charter Holdings Notes. The January 2001 Charter combined with the January 2002 additional bond issue, there
Holdings notes are general unsecured obligations of Charter was $710 million in total principal amount outstanding. The
Holdings and Charter Capital. The January 2001 10.750% May 2001 11.750% Charter Holdings notes mature on May 15,
Charter Holdings notes mature on October 1, 2009, and as of 2011 and as of December 31, 2004, the total principal amount
December 31, 2004, there was $874 million in total principal outstanding was $939 million and the total accreted value of the
amount of these notes outstanding. The January 2001 11.125% 11.750% notes was approximately $803 million. Cash interest on
Charter Holdings notes mature on January 15, 2011 and as of the May 2001 11.750% Charter Holdings notes will not accrue
December 31, 2004, there was $500 million in total principal prior to May 15, 2006.
amount outstanding. The January 2001 13.500% Charter Hold- The May 2001 Charter Holdings notes are senior debt
ings notes mature on January 15, 2011 with a total principal obligations of Charter Holdings and Charter Capital. They rank
F-19