Case | HBS Case Collection | October 2010 (Revised January 2011)

Charter Communications Bankruptcy

by Paul A. Gompers and Emily Weisburst

Abstract

Charter Communications' bankruptcy presents an opportunity for some of its creditors to convert their debt holdings into equity. A mutual fund manager must determine how to maximize his debt investment in Charter given the restructuring and decide whether to participate in an additional equity rights offering led by three private equity firms, Apollo Management, Oaktree Capital Management and Crestview Partners.

Keywords: Insolvency and Bankruptcy; Private Equity; Borrowing and Debt; Investment; Financial Strategy; Financial Services Industry;

Citation:

Gompers, Paul A., and Emily Weisburst. "Charter Communications Bankruptcy." Harvard Business School Case 211-035, October 2010. (Revised January 2011.)