After resigning from Vulcan in the fall, Bill Savoy now has cut ties with Charter [CHTR], departing the MSO’s board last Fri. Jo Allen Patton (Paul Allen’s sister and CEO of Vulcan) is expected to replace him. The board was slated to meet yesterday to vote on her nomination. Paul Allen’s former #2 also resigned from the boards of Charter subsidiaries. — Charter’s [CHTR] indirect subsidiaries closed on a $1.5bln sr notes offering ($1.1bln of 8% sr second lien notes due ’12 and $400mln 3-3/8% notes due ’14). Charter will use the proceeds to refinance debt, extending the due date for some $8bln to beyond ’08. Charter subsidiary Charter Comm Operating amended its $5.1bln credit facility to approximately $6.5bln.

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Charter Wins New Broadband Subs With Help from EBB

Charter’s investments in its broadband network continue to pay dividends. The operator welcomed another 365,000 internet customers during 2Q21.

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