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Charter Closes on $1.1 Billion Senior Unsecured Notes

The notes resulted in net proceeds to the Company of approximately $1.076 billion after deducting underwriting discounts and commissions. Charter intends to use the net proceeds from the sale of the notes to repay outstanding term loan borrowings under its subsidiary's credit facility.

The offering and sale of the notes were made pursuant to an automatic shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission ("SEC") on January 4, 2011.

About Charter

Charter (Nasdaq: CHTR) is a leading broadband communications company and the fourth-largest cable operator in the United States. Charter provides a full range of advanced broadband services, including advanced Charter TV(TM) video entertainment programming, Charter Internet(TM) access, and Charter Phone(TM). Charter Business® similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. Charter's advertising sales and production services are sold under the Charter Media® brand. More information about Charter can be found at 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 (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), 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," "tentative," "positioning" 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:

    --  our ability to sustain and grow revenues and free cash flow by offering
        video, high-speed Internet, telephone and other services to residential
        and commercial customers, to adequately deliver customer service and to
        maintain and grow our customer base, particularly in the face of
        increasingly aggressive competition, the need for innovation and related
        capital expenditures and the difficult economic conditions in the United
        States;
    --  the impact of competition from other distributors, including but not
        limited to incumbent telephone companies, direct broadcast satellite
        operators, wireless broadband providers, and digital subscriber line
        ("DSL") providers and competition from video provided over the Internet;
    --  general business conditions, economic uncertainty or downturn, high
        unemployment levels and the significant downturn in the housing sector
        and overall economy;
    --  our ability to obtain programming at reasonable prices or to raise
        prices to offset, in whole or in part, the effects of higher programming
        costs (including retransmission consents);
    --  the effects of governmental regulation on our business;
    --  the availability and access, in general, of funds to meet our debt
        obligations, prior to or when they become due, and to fund our
        operations and necessary capital expenditures, either through (i) cash
        on hand, (ii) free cash flow, (iii) access to the capital or credit
        markets including through new issuances, exchange offers or otherwise,
        especially given recent volatility and disruption in the capital and
        credit markets, or (iv) other sources and our ability to fund debt
        obligations (by dividend, investment or otherwise) to the applicable
        obligor of such debt; and
    --  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.

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.

SOURCE Charter