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Charter Communications Exits Bankruptcy

Dec 1, 2009  •  Post A Comment

Charter Communications completed its restructuring and exited its eight-month-long bankruptcy protection, B&C reports.

The company will issue new stock no earlier than 45 days from now, or sometime after Jan. 14.

The reorganization plan cut $8 billion in debt and will add about $3 billion in new equity.

–Elizabeth Jensen

One Comment

  1. For entirely selfish reasons, I’m glad to hear this. I’m a Charter customer and don’t want to have to worry about finding another service provider for Internet, cable, and phone. But it’s also good to hear that some companies can indeed come out of bankruptcy in a relatively short time.

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