Charter 2015 Annual Report Download - page 19

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4
customer service. As certain of our applications for approval remain pending, Charter may enter into additional commitments in
connection with the TWC Transaction and the Bright House Transaction.
Comcast Transactions
On April 25, 2014, we entered into a binding definitive agreement (the “Comcast Transactions Agreement”) with Comcast
Corporation (“Comcast”), which contemplated the following transactions: (1) an asset purchase, (2) an asset exchange and (3) a
contribution and spin-off transaction (collectively, the “Comcast Transactions”). Pursuant to the terms of the Comcast Transactions
Agreement, Comcast had the right to terminate the Comcast Transactions Agreement upon termination of the merger agreement
among Comcast, TWC and Tango Acquisition Sub, Inc. (the “Comcast Merger Agreement”). On April 24, 2015, Comcast and
TWC terminated the Comcast Merger Agreement, and Comcast delivered a notice of termination of the Comcast Transactions
Agreement to Charter (the “Termination Notice”). As a result of the termination, proceeds from the issuance of $3.5 billion
aggregate principal amount of CCOH Safari notes and $3.5 billion aggregate principal amount of CCO Safari, LLC ("CCO Safari")
Term G Loans ("Term G Loans"), which were held in escrow and intended to fund the closing of the Comcast Transactions, were
utilized to settle the related debt obligation in April 2015.