000-27927 |
43-1857213 | |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
Exhibit
Number |
Description | |
99.1 |
Press Release dated August 6, 2009. * |
• |
the completion of the Company’s restructuring including the outcome and impact on our business of the proceedings under Chapter 11 of the Bankruptcy Code; |
• |
the ability of the Company to satisfy closing conditions under the agreements-in-principle with certain of our bondholders and amended pre-arranged Joint Plan of Reorganization (“the Plan”) and related documents and to have the Plan confirmed by the Bankruptcy Court; |
• |
the availability and access, in general, of funds to meet interest payment obligations under our debt and to fund our operations and necessary capital expenditures, either through cash on hand, cash flows from operating activities, further borrowings or other sources and, in particular, our ability to fund debt obligations (by dividend, investment or otherwise)
to the applicable obligor of such debt; |
• |
our ability to comply with all covenants in our indentures and credit facilities, any violation of which, if not cured in a timely manner, could trigger a default of our other obligations under cross-default provisions; |
• |
our ability to repay debt prior to or when it becomes due and/or successfully access the capital or credit markets to refinance that debt through new issuances, exchange offers or otherwise, including restructuring our balance sheet and leverage position, especially given recent volatility and disruption in the capital and credit markets; |
• |
the impact of competition from other distributors, including but not limited to incumbent telephone companies, direct broadcast satellite operators, wireless broadband providers, and digital subscriber line ("DSL") providers; |
• |
difficulties in growing and operating our telephone services, while adequately meeting customer expectations for the reliability of voice services; |
• |
our ability to adequately meet demand for installations and customer service; |
• |
our ability to sustain and grow revenues and cash flows from operating activities by offering video, high-speed Internet, telephone and other services, and to maintain and grow our customer base, particularly in the face of increasingly aggressive competition; |
• |
our ability to obtain programming at reasonable prices or to adequately raise prices to offset the effects of higher programming costs; |
• |
general business conditions, economic uncertainty or downturn, including the recent volatility and disruption in the capital and credit markets and the significant downturn in the housing sector and overall economy; and |
• |
the effects of governmental regulation on our business. |
By: /s/ Kevin D. Howard
Name: Kevin D. Howard
Title: Vice President, Controller and Chief Accounting Officer |
Exhibit
Number |
Description | |
99.1 |
Press Release dated August 6, 2009. * |