8-KMaterial Agreements

CHARTER COMMUNICATIONS, INC. /MO/ 8-K Report, Material Agreement (Oct 5, 2009)

Filed October 5, 2009For Securities:CHTR

Summary

Charter Communications, Inc. (CHTR) filed a Form 8-K on October 5, 2009, detailing an amendment to its restructuring agreements. The company, which filed for Chapter 11 bankruptcy protection on March 27, 2009, extended the termination date for its pre-arranged joint plan of reorganization. The key change is that the restructuring agreements, previously subject to termination if the plan's effective date wasn't met by September 30, 2009, now have a new deadline of October 14, 2009. This extension provides additional time for Charter to finalize its bankruptcy proceedings and emerge with a restructured financial position. Investors should note that this amendment is crucial as it keeps the existing restructuring plan viable for a short period longer, indicating ongoing negotiations and efforts to resolve the company's financial challenges. The specifics of the amendments are available through a third-party filing agent.

Key Highlights

  • 1Charter Communications, Inc. (CHTR) filed an 8-K on October 5, 2009.
  • 2The filing concerns amendments to the company's Restructuring Agreements.
  • 3Charter Communications filed for Chapter 11 bankruptcy on March 27, 2009.
  • 4The original termination date for the Restructuring Agreements was September 30, 2009.
  • 5A Second Amendment to the Restructuring Agreements extends the termination deadline to October 14, 2009.
  • 6This extension is contingent on the effective date of the Plan of Reorganization.
  • 7The amended agreements are available for review at www.kccllc.net/charter.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce a Second Amendment to Charter Communications' Restructuring Agreements. This amendment effectively extends the deadline for the company's plan of reorganization to become effective, providing more time to finalize its Chapter 11 bankruptcy proceedings.

The new deadline for the effective date of the plan of reorganization, as per the Second Amendment to the Restructuring Agreements, is October 14, 2009. Previously, the agreements were subject to termination if this date was not met by September 30, 2009.

The Restructuring Agreements were entered into by Charter Communications, Inc., certain of its subsidiaries and affiliates, some of its noteholders, and Mr. Paul G. Allen, the company's chairman and primary shareholder.

Investors can find more details about the Second Amendments to the Restructuring Agreements on the website www.kccllc.net/charter, which is the designated third-party filing agent for Charter Communications.