Charter Emerges From Chapter 11 Bankruptcy Protection

Stock offering to come next year

Charter Communications said Monday that it has completed its restructuring and has emerged from bankruptcy protection, ending an eight-month process.

Charter filed for bankruptcy protection on March 27, reaching agreement with the majority of its bondholders on a plan that would shave $8 billion in debt from the company's books and pump about $3 billion of new equity into the company.

In a statement, Charter said that it has successfully emerged from bankruptcy and that it would issue a new stock no earlier than 45 days after emergence. That would put the earliest date for a new stock offering sometime after Jan. 14.

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