Charter 2005 Annual Report Download - page 163
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CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES 2005 FORM 10-K
Notes to Consolidated Financial Statements (continued)
31. SUBSEQUENT EVENTS
In February 2006, the Company signed two separate definitive
agreements to sell certain cable television systems serving a total
of approximately 316,000 analog video customers in West
Virginia, Virginia, Illinois and Kentucky for a total of
approximately $896 million. The closings of these transactions
are expected to occur in the third quarter of 2006. Under the
terms of the Bridge Loan, bridge availability will be reduced by
the proceeds of asset sales.
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