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Charter Communications To File For Ch. 11 By April

Law360 (February 12, 2009, 12:00 AM EST) -- Charter Communications Inc., the nation’s fourth-largest cable provider, has reached an agreement with some of its debt holders to restructure more than $8 billion of debt under Chapter 11 bankruptcy protection, the company said Thursday.

As part of the agreement, Charter subsidiaries CCH I Holdings LLC and Charter Communications Holdings LLC will make interest payments of $74 million in the aggregate for outstanding senior notes that were due on Jan. 15 within the allotted grace period that ends Feb. 15. The company said it would file...
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