Exhibit 99.02
FOR RELEASE: Immediate
CONTACTS: Karen Chrosniak, Director of Investor Relations
Dean Marshall, Director of Finance or
Jim Brown, Vice President, Finance
(877) 496-6704
Adelphia Announces Offering of Senior Notes
COUDERSPORT, Pa., September 13, 2000 -- Adelphia Communications Corporation
(NASDAQ: ADLAC) announced a proposed offering of $500,000,000 aggregate
principal amount of new Senior Notes due 2010. The Company announced that it
intends to file a supplement to its shelf registration statement with the
Securities and Exchange Commission for the offering of the Senior Notes due
2010. The offering will be made only by means of a prospectus. The anticipated
timing of the proposed offering will depend upon market conditions. The Senior
Notes will be noncallable, and will have other non-interest terms that will be
similar to those of Adelphia's existing publicly held senior debt. Adelphia
plans to use the net proceeds to repay existing indebtedness of subsidiaries.
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 any securities referred to herein
in any state in which such offer, solicitation or sale would be unlawful.
Adelphia Communications Corporation is the sixth largest cable television
company in the United States, with headquarters in Coudersport, Pennsylvania.
