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
· | 111,990,247 shares of New Common Stock outstanding, consisting of: |
o | New Class A Stock - 109,748,948 shares |
o | New Class B Stock - 2,241,299 shares |
· | 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 | Exercisable at $19.80 per share |
· | Warrants to purchase shares of New Class A Common Stock issued to holders of CIH notes |
o | 6,413,988 warrants outstanding exercisable to purchase a like number of new Class A Common Stock |
o | Exercisable at $46.86 per share |
· | 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 | Exercisable at $51.28 per share |
Debt
Debt issued pursuant to the Plan of Reorganization:
o | New 13.5% Senior Notes due 2016 outstanding (issued by CCH II, LLC, and CCH II Capital Corp.): $1,766,206,512 |
Debt remaining in place pursuant to the Plan of Reorganization and Confirmation Order:
o | Outstanding 8 ¾% senior notes due 2013: $800,000,000 |
o | Credit facility: $350,000,000 |
· | Charter Communications Operating, LLC |
o | 8.000% senior second-lien notes due 2012: $1,100,000,000 |
o | 8 3/8% senior second-lien notes due 2014: $770,409,000 |
o | 10.875% senior second-lien notes due 2014: $545,896,000 |
o | Credit facility: $8,194,104,000 |
Distributions Under the Plan
· | 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 | |
12502B AE3 | | $ | 461,997,000 | | | | 2,308,009 | | | | 4.995723 | |
12502B AB9 | | $ | 150,000 | | | | 799 | | | | 5.326667 | |
12502B AD5 | | $ | 9,000 | | | | 45 | | | | 5.000000 | |
12502B AA1 | | $ | 836,000 | | | | 4,452 | | | | 5.325359 | |
· | 2,241,299 shares of New Class B Stock were issued to Charter Investment Inc. (which is owned by Paul Allen) |
· | 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 |
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 | |
16117MAF4 | | | 6.500 | % | | | 2012 | | | | 11.446307 | |
· | 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 | |
12501BAE4 | | | 10.000 | % | 5/15/2014 | | | 2.532000 | |
12501BAQ7 | | | 10.000 | % | 5/15/2014 | | | 2.532281 | |
12501BAN4 | | | 11.125 | % | 1/15/2014 | | | 2.496981 | |
12501BAR5 | | | 11.750 | % | 5/15/2014 | | | 2.547839 | |
12501BAT1 | | | 12.125 | % | 1/15/2015 | | | 2.501799 | |
U12516AF4 | | | 12.125 | % | 1/15/2015 | | | 2.500000 | |
12501BAS3 | | | 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 | |
| | | | | | | | | |
16117PAY6 | | | 9.625 | % | 11/15/2009 | | | 2.214286 | |
16117PAZ3 | | | 9.625 | % | 11/15/2009 | | | 2.215169 | |
16117PAF7 | | | 9.920 | % | 4/1/2011 | | | 2.243409 | |
16117PAK6 | | | 10.000 | % | 4/1/2009 | | | 2.244244 | |
16117PBB5 | | | 10.000 | % | 5/15/2011 | | | 2.218095 | |
16117PAL4 | | | 10.250 | % | 1/15/2010 | | | 2.183475 | |
16117PAT7 | | | 10.750 | % | 10/1/2010 | | | 2.252049 | |
16117PAV2 | | | 11.125 | % | 1/15/2010 | | | 2.187176 | |
16117PAM2 | | | 11.750 | % | 1/15/2010 | | | 2.189798 | |
16117PBD1 | | | 11.750 | % | 5/15/2011 | | | 2.231725 | |
16117PBH2 | | | 12.125 | % | 1/15/2012 | | | 2.191382 | |
16117PAW0 | | | 13.500 | % | 1/15/2011 | | | 2.197191 | |
· | 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 |
· | 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 | |
| | | | | | | | | | | | |
12502CAD3 | | | 10.25 | % | | | 2010 | | | $ | 733.37794643 | |
12502CAM3 | | | 10.25 | % | | | 2010 | | | $ | 730.70290404 | |
12502CAQ4 | | | 10.25 | % | | | 2013 | | | $ | 720.55594815 | |
12502CAR2 | | | 10.25 | % | | | 2013 | | | $ | 684.57669941 | |
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. |
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