Charter 2005 Annual Report Download - page 18

CHARTER COMMUNICATIONS, INC. 2005 FORM 10-K
Charter Communications Holdings, LLC. Charter Holdings, a Dela- of these notes. In October 2005, CCO Holdings and CCO
ware limited liability company formed on February 9, 1999, is a Holdings Capital Corp., as guarantor thereunder, entered into a
co-issuer of 13 series of notes that mature from 2007-2012, with $600 million bridge loan agreement with various lenders (which
an aggregate outstanding principal amount of $1.8 billion. See was reduced to $435 million as a result of the issuance of the
‘‘Item 7. Management’s Discussion and Analysis of Financial CCH II notes in January 2006). CCO Holdings also directly
Condition and Results of Operations — Description of Our owns Charter Operating and indirectly the subsidiaries that
Outstanding Debt.’’ Charter Holdings owns 100% of Charter conduct all of our cable operations.
Communications Holdings Capital, the co-issuer of these notes.
Charter Operating. Charter Operating owns the subsidiaries that
Charter Holdings also directly owns CIH and indirectly the
own or operate all of our cable systems, subject to a minority
subsidiaries that conduct all of our cable operations.
interest held by Mr. Allen as described below. These subsidiaries
CCH I Holdings, LLC. CIH, a Delaware limited liability company include the public notes issuer, Renaissance Media Group.
formed on August 8, 2005, is a co-issuer of six series of notes Charter Operating is the obligor under a $6.5 billion credit
that mature in 2014 and 2015 with an aggregate outstanding facility. In addition, Charter Operating is a co-issuer of two
principal amount of $2.5 billion. See ‘‘Item 7. Management’s series of senior second-lien notes that mature in 2012 and 2014.
Discussion and Analysis of Financial Condition and Results of See ‘‘Item 7. Management’s Discussion and Analysis of Financial
Operations — Description of Our Outstanding Debt.’’ CIH owns Condition and Results of Operations — Description of Our
100% of CCH I Capital Corp., the co-issuer of these notes. CIH Outstanding Debt.’’ Charter Operating owns 100% of Charter
also directly owns CCH I and indirectly the subsidiaries that Communications Operating Capital Corp., the co-issuer of these
conduct all of our cable operations. notes.
CCH I, LLC. CCH I, a Delaware limited liability company formed Preferred equity in CC VIII, LLC. CII owns 30% of the CC VIII
on July 9, 2003, is a co-issuer of $3.5 billion principal amount of preferred membership interests. CCHC, a direct subsidiary of
notes that mature in 2015. See ‘‘Item 7. Management’s Discus- Charter Holdco and the direct parent of Charter Holdings
sion and Analysis of Financial Condition and Results of directly owns the remaining 70% of these preferred interests.
Operations — Description of Our Outstanding Debt.’’ CCH I The common membership interests in CC VIII are indirectly
owns 100% of CCH I Capital Corp., the co-issuer of these notes. owned by Charter Operating. See ‘‘Item 13. Certain Relation-
CCH I also directly owns CCH II and indirectly the subsidiaries ships and Related Transactions — Transactions Arising Out of
that conduct all of our cable operations. Our Organizational Structure and Mr. Allen’s Investment in
Charter Communications, Inc. and Its Subsidiaries — Equity Put
CCH II, LLC. CCH II, a Delaware limited liability company formed Rights — CC VIII.’’
on March 20, 2003, is a co-issuer of $1.6 billion principal
amount of notes that mature in 2010. CCH II, LLC issued PRODUCTS AND SERVICES
$450 million additional principal amount of these notes in We offer our customers traditional cable video programming
January 2006. See ‘‘Item 7. Management’s Discussion and (analog and digital) and in some areas advanced broadband
Analysis of Financial Condition and Results of Operations — services such as high definition television, VOD and interactive
Description of Our Outstanding Debt.’’ CCH II owns 100% of television as well as high-speed Internet services. We sell our
CCH II Capital Corp., the co-issuer of these notes. CCH II also video programming and high-speed Internet services on a
directly owns CCO Holdings and indirectly, the subsidiaries that subscription basis, with prices and related charges, that vary
conduct all of our cable operations. primarily based on the types of service selected, whether the
services are sold as a ‘‘bundle’’ versus on an ‘‘`a la carte’’ basis,
CCO Holdings, LLC. CCO Holdings, a Delaware limited liability and the equipment necessary to receive the services, with some
company formed on June 12, 2003, is a co-issuer of two series of variation in prices depending on geographic location. In
notes that mature in 2010 and 2013. See ‘‘Item 7. Management’s addition, we offer telephone service to a portion of our homes
Discussion and Analysis of Financial Condition and Results of passed.
Operations — Description of Our Outstanding Debt.’’ CCO Hold-
ings owns 100% of CCO Holdings Capital Corp., the co-issuer
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