8-KOther Events

CHARTER COMMUNICATIONS, INC. /MO/ 8-K Report (Jun 19, 2003)

Filed June 19, 2003For Securities:CHTR

Summary

Charter Communications, Inc. (CHTR) filed an 8-K on June 19, 2003, reporting a significant event that occurred on June 18, 2003. The company announced that it has received approval from its lenders to amend its existing $5.2 billion senior secured credit facilities agreement. The amendment was officially closed on June 19, 2003. This filing is crucial for investors as it indicates a renegotiation or modification of the company's debt structure. While the specific terms of the amendment are not detailed in the 8-K itself, the approval and closing suggest a move to potentially improve the company's financial flexibility, address covenant issues, or alter repayment terms. Investors should look to the furnished press release (Exhibit 99.1) for more detailed information regarding the implications of this amendment on Charter's financial health and future operations.

Key Highlights

  • 1Charter Communications, Inc. announced an amendment to its $5.2 billion senior secured credit facilities agreement.
  • 2Lender approval for the amendment was obtained on June 18, 2003.
  • 3The amendment to the credit facilities agreement was consummated (closed) on June 19, 2003.
  • 4The filing was made pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
  • 5The primary disclosure in this 8-K is a press release dated June 18, 2003 (Exhibit 99.1), which is furnished under Regulation FD.
  • 6The press release likely contains more specific details about the terms and impact of the credit facility amendment.

Frequently Asked Questions

The main event reported is Charter Communications, Inc.'s announcement and subsequent closing of an amendment to its $5.2 billion senior secured credit facilities agreement, which was approved by its lenders.

This amendment could potentially provide Charter Communications with improved financial flexibility, possibly by adjusting debt covenants, repayment schedules, or interest rates. Investors should review the associated press release for specific details on how this impacts the company's financial structure and operational capacity.

The 8-K filing indicates that a press release dated June 18, 2003, is furnished as Exhibit 99.1. This press release is the most likely place to find more specific information regarding the terms and conditions of the amended credit facilities agreement.

Regulation FD (Fair Disclosure) requires public companies to disclose material non-public information broadly to the public, rather than selectively to specific parties. In this case, Charter is furnishing the press release under Regulation FD to ensure all investors have access to the information about the credit facility amendment simultaneously.