Charter 2009 Annual Report Download - page 37

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As of December 31, 2009, the accreted value of our total debt was approximately $13.3 billion, as summarized
below (dollars in millions):
December 31, 2009
Semi-Annual
Principal Accreted Interest Payment Maturity
Amount Value (a) Dates Date (b)
CCH II, LLC:
13.5% senior notes due 2016 $ 1,766 $ 2,092 2/15 & 8/15 11/30/16
CCO Holdings, LLC:
8 3/4% senior notes due 2013 800 812 5/15 & 11/15 11/15/13
Credit facility 350 304 9/6/14
Charter Communications Operating, LLC:
8.000% senior second-lien notes due 2012 1,100 1,120 4/30 & 10/30 4/30/12
8 3/8% senior second-lien notes due 2014 770 779 4/30 & 10/30 4/30/14
10.875% senior second-lien notes due 2014 546 601 3/15 & 9/15 9/15/14
Credit facilities 8,177 7,614 Varies (c)
$ 13,509 $ 13,322
(a) Upon the effectiveness of our Plan, we applied fresh start accounting and as such adjusted our debt to reflect
fair value. Therefore, as of December 31, 2009, the accreted values presented above represent the fair value of
the notes as of the Effective Date, plus the accretion to the balance sheet date. However, the amount that is
currently payable if the debt becomes immediately due is equal to the principal amount of notes.
(b) In general, the obligors have the right to redeem all of the notes set forth in the above table in whole or in part at
their option, beginning at various times prior to their stated maturity dates, subject to certain conditions, upon
the payment of the outstanding principal amount (plus a specified redemption premium) and all accrued and
unpaid interest. For additional information see Note 8 to the accompanying consolidated financial statements
contained in “Item 8. Financial Statements and Supplementary Data.”
(c) Includes $6.9 billion principal amount of term loans repayable in equal quarterly installments and aggregating in
each loan year to 1% of the original amount of the term loan, with the remaining balance due at final maturity
on March 6, 2014, and $1.3 billion principal amount credit facility with a maturity date on March 6, 2013.
The following table summarizes our payment obligations as of December 31, 2009 under our long-term debt and
certain other contractual obligations and commitments (dollars in millions.)
Payments by Period
Less than 1-3 3-5 More than
Total 1 year years years 5 years
Contractual Obligations
Long-Term Debt Principal Payments (1) $ 13,509 $ 70 $ 1,240 $ 10,433 $ 1,766
Long-Term Debt Interest Payments (2) 4,470 746 1,823 1,355 546
Capital and Operating Lease Obligations (3) 98 22 37 25 14
Programming Minimum Commitments (4) 371 101 214 56 --
Other (5) 350 325 21 4 --
Total $ 18,798 $ 1,264 $ 3,335 $ 11,873 $ 2,326
(1) The table presents maturities of long-term debt outstanding as of December 31, 2009. Refer to Notes 8 and
21 to our accompanying consolidated financial statements contained in “Item 8. Financial Statements and
Supplementary Data” for a description of our long-term debt and other contractual obligations and
commitments.
(2) Interest payments on variable debt are estimated using amounts outstanding at December 31, 2009 and the
average implied forward London Interbank Offering Rate (LIBOR) rates applicable for the quarter during the
interest rate reset based on the yield curve in effect at December 31, 2009. Actual interest payments will
differ based on actual LIBOR rates and actual amounts outstanding for applicable periods.