Charter Bankruptcy Ruling Nears

Farrell, Mike
September 2009
Multichannel News;9/28/2009, Vol. 30 Issue 36, p37
The article reports on the expected decision of U.S. Bankruptcy Court Judge James Peck to rule on the reorganization plan of multiple system operator (MSO). It notes that the plan would enable the company to reduce its overall debt, operate an additional three million dollars in new equity, and put control of the company in the hands of its bondholders. Moreover, it mentions that reorganization would likewise reduce the overall debt load of Charter Communications Inc. to 13 billion dollars.


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