Citi Investment Banking Pitch Book
Papa Current Structure
23
Papa PCS(a)
Issu er of PCS Loan
Papa Inc.
Credit Facilit; CP
uer of Private Placement Notes
Charlie Holdings Inc.
Charlie Inc.
Credit Facllt;CP er of
Senior Note
Charlie Classic Cable Inc.
Legacy Senior Notes
Total Debt (mm)
$2,369 /
9,105
$6,736
$190
Leverage
2.9x/
2.8
2.8x
NA
Note: Reflects capitalization as of 3.31.04 for Papa (excl. CCI & CXR) and estimated 6/30/04 for Charlie
Location of Papa PCS Loans with collars of $969 million, which are not included in Papa restricted
DRAFT
29-Jun-04
Comments
◆ Credittacility las maximum leverage
of 50x for Papa and it Restricted
Subsidiaries
◆ Credit tacility prohibit la vestments I
Unrestricted Sube idtarles fleuerage
greater than 4.5x
Credit tacility has maximim leve rage
of 50x or Charlle and its Restricted
Subsidiaries
◆ Charge of control la bond in de ture
requires success or to be dom kolled In
U.S. and hoeven totdetailt to have
occurred
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