Charter is Almost Out of Bankruptcy, Here Are Some Tips From Us
Remember like a year ago when Charter started the whole bankruptcy proceedings? Well now its almost over. Charter Communications Inc. says a bankruptcy judge has confirmed its reorganization plan, clearing the way for the nation’s fourth largest cable TV operator to emerge from Chapter 11 in a few weeks. Charter said the plan whittles its debt burden by about $8 billion, leaving $13 billion. Bondholders who agreed to swap their $8 billion of debt will end up owning nearly all of the post-bankruptcy company.
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