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EXHIBIT 99.1
[CHARTER COMMUNICATIONS LOGO] NEWS
FOR RELEASE: WEDNESDAY, DECEMBER 27, 2000
CHARTER COMMUNICATIONS HOLDINGS, LLC AND
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORPORATION
TO ISSUE SENIOR AND SENIOR DISCOUNT NOTES
ST. LOUIS - Charter Communications Holdings, LLC and Charter
Communications Holdings Capital Corporation, subsidiaries of Charter
Communications, Inc. (Nasdaq: CHTR), today announced their intent to sell $850
million of Senior and Senior Discount Notes (the "Notes").
The net proceeds of this issuance will be used to repay $272.5 million
that remains outstanding under the August 2000 $1 billion senior bridge loan of
Charter Communications Holdings, LLC and to repay a portion of amounts
outstanding under revolving credit facilities.
The Notes are being sold to qualified institutional buyers in reliance
on Rule 144A. The Notes will not be registered under the Securities Act of 1933,
as amended (the "Securities Act"), and, unless so registered, may not be offered
or sold in the United States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the Securities Act
and applicable state securities laws. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall there be any
sale of the Notes in any state in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
any such state.
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--more--
CHARTER, PAGE 2
With 6.3 million customers, Charter Communications, a Wired World(TM)
company, is among the nation's largest broadband communications companies.
Charter offers an array of advanced broadband services, including cable
television under the Charter Cable TV(TM) brand; advanced digital video
programming services under the Charter Digital Cable(TM) brand; and high-speed
Internet access via Charter Pipeline(TM). Charter's Class A common stock is
traded on the Nasdaq National Market under the ticker symbol "CHTR." More
information about Charter can be found on the Internet at www.chartercom.com.
# # #
Statements in this press release regarding Charter Communications'
business that are not historical facts may be "forward-looking
statements." Forward-looking statements are inherently subject to
risks, uncertainties and assumptions. Important factors that could
cause actual results to differ materially from any such
forward-looking statements are identified in the reports and
documents Charter files from time to time with the U.S. Securities
and Exchange Commission.
CONTACTS:
MEDIA ANALYST
Charter Communications Charter Communications
Anita Lamont, 314-543-2215 Mary Jo Moehle, 314-543-2397
[email protected] [email protected]
