Charter Arranges $500 Million in Incremental Term Loan Financing

Borrowing Upsized from $275 Million
ST. LOUIS--(Business Wire)--
Charter Communications, Inc. (NASDAQ:CHTR) (the "Company")
announced today that its subsidiary, Charter Communications Operating,
LLC ("Charter Operating"), has arranged $500 million principal amount
of incremental term loans (the "Incremental Term Loans") under the
Charter Operating credit facilities, for net proceeds of $471 million.

The net proceeds of the Incremental Term Loans will be used to
reduce borrowings, but not commitments, under the revolving portion of
the Charter Operating credit facilities and for general corporate
purposes.

The Incremental Term Loans will have a final maturity of March 6,
2014 and prior to this date will amortize in quarterly principal
installments totaling 1% annually beginning on June 30, 2008. The
Incremental Term Loans will bear interest at LIBOR plus 5.0%, with a
LIBOR floor of 3.5%, and will otherwise be governed by and subject to
the existing terms of the Charter Operating credit facilities. The
closing of the Incremental Term Loans is expected shortly after the
completion of the proposed $520 million principal amount of 2nd lien
notes (the "Notes") offering by Charter Operating, announced
separately this morning. The Company expects that the closing of the
Incremental Term Loans to occur in approximately one week.

About Charter Communications

Charter Communications, Inc. is a leading broadband communications
company and the third-largest publicly traded cable operator in the
United States. Charter provides a full range of advanced broadband
services, including advanced Charter Digital(R) video entertainment
programming, Charter High-Speed(TM) Internet access service, and
Charter Telephone(TM) services. Charter Business(TM) similarly
provides scalable, tailored and cost-effective broadband
communications solutions to business organizations, such as
business-to-business Internet access, data networking, video and music
entertainment services and business telephone. Charter's advertising
sales and production services are sold under the Charter Media(R)
brand. More information about Charter can be found at www.charter.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS:

This release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended,
regarding, among other things, our plans, strategies and prospects,
both business and financial. Although we believe that our plans,
intentions and expectations reflected in or suggested by these
forward-looking statements are reasonable, we cannot assure you that
we will achieve or realize these plans, intentions or expectations.
Forward-looking statements are inherently subject to risks,
uncertainties and assumptions including, without limitation, the
factors described under "Risk Factors" from time to time in our
filings with the Securities and Exchange Commission ("SEC"). Many of
the forward-looking statements contained in this release may be
identified by the use of forward-looking words such as "believe,"
"expect," "anticipate," "should," "planned," "will," "may," "intend,"
"estimated," "aim," "on track," "target," "opportunity" and
"potential," among others. Important factors that could cause actual
results to differ materially from the forward-looking statements we
make in this release are set forth in other reports or documents that
we file from time to time with the SEC, and include, but are not
limited to:

-- the availability, in general, of funds to meet interest
payment obligations under our debt and to fund our operations
and necessary capital expenditures, either through cash flows
from operating activities, further borrowings or other sources
and, in particular, our ability to fund debt obligations (by
dividend, investment or otherwise) to the applicable obligor
of such debt;

-- our ability to comply with all covenants in our indentures and
credit facilities, any violation of which, if not cured in a
timely manner, could trigger a default of our other
obligations under cross-default provisions;

-- our ability to pay or refinance debt prior to or when it
becomes due and/or refinance that debt through new issuances,
exchange offers or otherwise, including restructuring our
balance sheet and leverage position;

-- the impact of competition from other distributors, including
incumbent telephone companies, direct broadcast satellite
operators, wireless broadband providers, and digital
subscriber line ("DSL") providers;

-- difficulties in growing, further introducing, and operating
our telephone services, while adequately meeting customer
expectations for the reliability of voice services;

-- our ability to adequately meet demand for installations and
customer service;

-- our ability to sustain and grow revenues and cash flows from
operating activities by offering video, high-speed Internet,
telephone and other services, and to maintain and grow our
customer base, particularly in the face of increasingly
aggressive competition;

-- our ability to obtain programming at reasonable prices or to
adequately raise prices to offset the effects of higher
programming costs;

-- general business conditions, economic uncertainty or slowdown,
including the recent significant slowdown in the new housing
sector and overall economy; and

-- the effects of governmental regulation on our business.

All forward-looking statements attributable to us or any person
acting on our behalf are expressly qualified in their entirety by this
cautionary statement. We are under no duty or obligation to update any
of the forward-looking statements after the date of this release.

Charter Communications, Inc.
Mary Jo Moehle, 314-543-2397

Copyright Business Wire 2008