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Charter files Chapter 11


Charter Communications has declared bankruptcy, but spokeswoman Anita Lamont said this will not affect customers or Charter employees in Farragut.

“It’s a pre-arranged filing for Chapter 11, which is very different than many things you’ve probably said or heard about, unfortunately,” Lamont said.

“The pre-arranged part of that really means we were able to work constructively with our bond holders for paying down debt,” she added.

According to Lamont, the Chapter 11 filing helped Charter pay down $8 billion in debt.


“Our operations are strong today and we really do believe we will emerge from this an even stronger company,” Lamont said, hopefully in late summer.

“This is not something where people should be concerned their service will be affected,” Lamont said.

“There really shouldn’t be any perceivable issues with anything about us that’s going on with us financially,” she added.

 

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