Charter extends deadline for private debt exchange offer

[cablewithaview]

Charter Communications announced today that it has extended the early participation deadline for the pending private offer by its indirect subsidiaries, which are collectively known as CCH II, until June 27.

Charter’s offer, which was announced May 29, provided for the exchange of up to $500 million principal amount of CCH II's existing 10.25 percent senior notes, due 2010, for additional 10.25 percent senior notes, due 2013.

Charter’s offer is being conducted as a "modified Dutch auction," which means the holders of the old notes have the opportunity to specify an exchange ratio at which they would be willing to exchange old notes for new notes.

Charter is the nation’s fourth-largest MSO with 5.2 million subscribers.


Charter extends deadline for private debt exchange offer