According to an SEC filing, Paul Allen, the controlling shareholder, is considering recapitalization or restructuring transactions that will reduce Charter's leverage. That may include taking the
cable company private or a sale.
Charter has engaged in asset sales in the past for this purpose. In 2006, the company sold cable systems in several transactions that netted $971
million, which the company used to reduce debt.
Charter has loads debt, most of which does not mature until after 2010. Of the more than $19 billion in outstanding debt at the company,
$65 million is due to mature by the end of 2008.
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