Attached files
| file | filename |
|---|---|
| 8-K/A - CCI FORM 8-K - CHARTER COMMUNICATIONS, INC. /MO/ | body.htm |
| EX-99.1 - EXHIBIT 99.1 - CHARTER COMMUNICATIONS, INC. /MO/ | exhibit99_1.htm |
Exhibit
99.2
POST
EMERGENCE CAPITAL STRUCTURE AND OTHER INFORMATION
|
·
|
On
November 30, 2009, Charter Communications, Inc. emerged from its Chapter
11 bankruptcy proceedings.
|
|
·
|
The
Company intends to apply for listing of its New Class A Stock on The
NASDAQ Stock Market LLC. Such application to become effective
not earlier than January 14, 2010. Shares of New Class A Stock
are currently quoted under the symbol CCMMV.OB on the OTC Bulletin
Board.
|
Charter’s
Post-Emergence Capital Structure Summary
Equity
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·
|
111,990,247
shares of New Common Stock outstanding, consisting
of:
|
|
o
|
New
Class A Stock - 109,748,948 shares
|
|
o
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New
Class B Stock - 2,241,299 shares
|
|
·
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5,520,001 shares of PIK
Preferred Stock
|
|
o
|
Aggregate
liquidation preference of approximately $138
million
|
|
·
|
Warrants
to purchase shares of New Class A Common Stock held by Charter Investment,
Inc. (Paul Allen)
|
|
o
|
4,669,384
warrants outstanding exercisable to purchase a like number of new Class A
Common Stock
|
|
o
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Exercisable
at $19.80 per share
|
|
o
|
Term:
Seven (7) years
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·
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Warrants
to purchase shares of New Class A Common Stock issued to holders of CIH
notes
|
|
o
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6,413,988 warrants
outstanding exercisable to purchase a like number of new Class A Common
Stock
|
|
o
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Exercisable
at $46.86 per share
|
|
o
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Term:
Five (5) years
|
|
o
|
CUSIP: 16117M131
|
|
·
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Warrants
to purchase shares of New Class A Common Stock issued to holders of CCH
notes
|
|
o
|
1,282,798 warrants
outstanding exercisable to purchase a like number of new Class A Common
Stock
|
|
o
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Exercisable
at $51.28 per share
|
|
o
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Term:
Five (5) years
|
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o
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CUSIP: 16117M123
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Debt
Debt
issued pursuant to the Plan of Reorganization:
|
·
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CCH
II, LLC
|
|
o
|
New
13.5% Senior Notes due 2016 outstanding (issued by CCH II, LLC, and CCH II
Capital Corp.): $1,766,206,512
|
|
·
|
CUSIP: 12502CAS0
|
|
·
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CUSIP:
12502CAT8
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Debt
remaining in place pursuant to the Plan of Reorganization and Confirmation
Order:
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·
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CCO
Holdings, LLC
|
|
o
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Outstanding
8 ¾% senior notes due 2013:
$800,000,000
|
|
o
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Credit
facility: $350,000,000
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·
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Charter
Communications Operating, LLC
|
|
o
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8.000%
senior second-lien notes due 2012:
$1,100,000,000
|
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o
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8
3/8% senior second-lien notes due 2014:
$770,409,000
|
|
o
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10.875%
senior second-lien notes due 2014:
$545,896,000
|
|
o
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Credit
facility: $8,194,104,000
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Distributions
Under the
Plan
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·
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21,081,302 shares of New
Class A Stock were issued pro rata to holders of CCH I Notes
Claims
|
|
CUSIP
|
Principal
Amount
|
Total
Shares Issued
|
New
Class A Stock per $1,000
of
Principal
Amount of Bonds
|
|||||||||
|
12502B
AC7
|
$ | 3,524,014,000 | 18,767,997 | 5.325744 | ||||||||
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12502B
AE3
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$ | 461,997,000 | 2,308,009 | 4.995723 | ||||||||
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12502B
AB9
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$ | 150,000 | 799 | 5.326667 | ||||||||
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12502B
AD5
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$ | 9,000 | 45 | 5.000000 | ||||||||
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12502B
AA1
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$ | 836,000 | 4,452 | 5.325359 |
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·
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2,241,299 shares of New
Class B Stock were issued to Charter Investment Inc. (which is owned by
Paul Allen)
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·
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5,520,001 shares of
preferred stock having an aggregate liquidation preference of $138 million
were issued to holders of Charter Communication Inc.’s (i) 5.875%
Convertible Senior Notes due 2009; and (ii) 6.50% Convertible Senior Notes
due 2012
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CUSIP
|
Rate
|
Maturity
Date
|
New
Preferred Stock per $1,000
of
Principal
Amount of Bonds
|
|||||||||
|
16117MAD9
|
5.875 | % | 2009 | 11.332000 | ||||||||
|
16117MAE7
|
5.875 | % | 2009 | 11.331166 | ||||||||
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16117MAF4
|
6.500 | % | 2012 | 11.446307 |
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·
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Warrants
to purchase 4,669,384 shares of New Class A Stock were issued to Charter
Investment, Inc. at an exercise price of $19.80 per
share
|
|
·
|
Warrants
to purchase 6,413,988 shares of New Class A Stock were issued to holders
of CIH Notes with an exercise price of $46.86 per
share
|
| CUSIP |
Rate
|
Maturity
Date
|
Warrant
Shares per $1,000 of
Principal
Amount of Bonds
|
||||||
|
12501BAP9
|
9.920 | % |
4/1/2014
|
2.561192 | |||||
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12501BAE4
|
10.000 | % |
5/15/2014
|
2.532000 | |||||
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12501BAQ7
|
10.000 | % |
5/15/2014
|
2.532281 | |||||
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12501BAN4
|
11.125 | % |
1/15/2014
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2.496981 | |||||
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12501BAR5
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11.750 | % |
5/15/2014
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2.547839 | |||||
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12501BAT1
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12.125 | % |
1/15/2015
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2.501799 | |||||
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U12516AF4
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12.125 | % |
1/15/2015
|
2.500000 | |||||
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12501BAS3
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13.500 | % |
1/15/2014
|
2.508422 |
|
·
|
Warrants
to purchase approximately 1,282,798 shares of New Class A Stock were
issued to holders of CCH Notes with an exercise price of $51.28 per
share
|
| CUSIP |
Rate
|
Maturity
Date
|
Warrant
Shares per $1,000 of
Principal
Amount of Bonds
|
||||||
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16117PAY6
|
9.625 | % |
11/15/2009
|
2.214286 | |||||
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16117PAZ3
|
9.625 | % |
11/15/2009
|
2.215169 | |||||
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16117PAF7
|
9.920 | % |
4/1/2011
|
2.243409 | |||||
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16117PAK6
|
10.000 | % |
4/1/2009
|
2.244244 | |||||
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16117PBB5
|
10.000 | % |
5/15/2011
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2.218095 | |||||
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16117PAL4
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10.250 | % |
1/15/2010
|
2.183475 | |||||
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16117PAT7
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10.750 | % |
10/1/2010
|
2.252049 | |||||
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16117PAV2
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11.125 | % |
1/15/2010
|
2.187176 | |||||
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16117PAM2
|
11.750 | % |
1/15/2010
|
2.189798 | |||||
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16117PBD1
|
11.750 | % |
5/15/2011
|
2.231725 | |||||
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16117PBH2
|
12.125 | % |
1/15/2012
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2.191382 | |||||
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16117PAW0
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13.500 | % |
1/15/2011
|
2.197191 |
|
·
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New
13.5% Senior Notes due 2016 ("CCH II Notes") outstanding (issued by
CCH II, LLC, and CCH II Capital Corp):
$1,766,206,512
|
|
·
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CCH II Notes issued in the CCH II note exchange: |
| CUSIP |
Rate
|
Maturity
Date
|
Total
New Notes per $1,000 of
Principal
Amount of Bonds Exchanged
|
|||||||||
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12502CAD3
|
10.25 | % | 2010 | $ | 733.37794643 | |||||||
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12502CAM3
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10.25 | % | 2010 | $ | 730.70290404 | |||||||
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12502CAQ4
|
10.25 | % | 2013 | $ | 720.55594815 | |||||||
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12502CAR2
|
10.25 | % | 2013 | $ | 684.57669941 | |||||||
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U125WAE1
|
10.25 | % | 2013 | $ | 684.57669941 |
|
·
|
Charter
Investment, Inc. retained its 1% direct equity interest in Charter
Communications Holding Company, LLC., which indirectly holds all of the
business operations of Charter Communications,
Inc.
|
New
CUSIP NUMBERS:
Unrestricted
New Class A Stock:
16117M305
15%
Pay-in-kind Preferred Stock:
16117M701
Unrestricted
CCH II Notes due 2016:
12502CAS0
CIH
Warrants:
16117M131
CCH
Warrants:
16117M123