Charter to pay down revolver borrowings with asset sale proceeds

By Sara Rosenberg

New York, March 22 - Charter Communications Inc. plans to repay some of its revolving credit facility borrowings using proceeds from the pending sale of certain cable television systems to Orange Broadband Holding Company LLC, according to a company news release.

Closing on the sale is expected to occur in the third quarter.

Charter is a St. Louis-based broadband communications company.

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