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Issuer Free Writing Prospectus filed pursuant to Rule
433 supplementing the Preliminary Prospectus Supplement dated
May 3, 2011 and the Prospectus dated January 4, 2011
Registration No. 333-171526
January 4, 2011
CCO HOLDINGS, LLC
CCO HOLDINGS CAPITAL CORP.
This Supplement is qualified in its entirety by reference to the Preliminary Prospectus Supplement. The information in this Supplement supplements the Preliminary Prospectus Supplement and supersedes the information in the Preliminary Prospectus Supplement to the extent inconsistent with the information in the Preliminary Prospectus Supplement.
     
Aggregate Principal Amount:
  $1,500,000,000
 
   
Title of Securities:
  6.500% Senior Notes due 2021
 
   
Final Maturity Date:
  April 30, 2021
 
   
Issue Price:
  100.000%, plus accrued interest, if any
 
   
Coupon:
  6.500%
 
   
Yield to Maturity:
  6.500%
 
   
Spread to Benchmark Treasury:
  324.9 bps
 
   
Benchmark:
  3.625% UST due 02/15/21
 
   
Interest Payment Dates:
  April 30 and October 30
 
   
Record Dates:
  April 15 and October 15
 
   
First Interest Payment Date:
  October 30, 2011
 
   
Gross Proceeds:
  $1,500,000,000
 
   
Underwriting Discount:
  1.30%
 
   
Net Proceeds to the Issuers before Estimated Expenses:
  $1,480,500,000
 
   
Optional Redemption:
  Except as described below, the Notes are not redeemable before April 30, 2015. On or after April 30, 2015, the Issuers may redeem all or a part of the Notes upon not less than 30 nor more than 60 days notice, at the redemption prices (express as percentages of principal amount of Notes) set forth below plus accrued and unpaid interest thereon, if any, to the applicable

 


 

      
redemption date, if redeemed during the twelve-month period beginning on April 30 of the years indicated below:
         
Date   Price  
2015
    104.875 %
2016
    103.250 %
2017
    101.625 %
2018 and thereafter
    100.000 %
At any time prior and from time to time prior to April 30, 2015, the Issuers may also redeem the outstanding Notes, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus accrued and unpaid interest, if any, on such Notes to the redemption date, plus the Make-Whole Premium.


     
Optional Redemption with
Equity Proceeds:
  At any time prior to April 30, 2014, the Issuers may, on any one or more occasions, redeem up to 35% of the Notes at a redemption price equal to 106.500% of the principal amount thereof, plus accrued and unpaid interest to the redemption date, with the net cash proceeds of certain equity offerings.
 
   
Change of Control:
  101%
 
   
Underwriters:
  UBS Securities LLC
 
  Merrill Lynch, Pierce, Fenner & Smith Incorporated
 
  Citigroup Global Markets Inc.
 
  Credit Suisse Securities (USA) LLC
 
  Deutsche Bank Securities Inc.
 
  J.P. Morgan Securities LLC
 
  U.S. Bancorp Investments, Inc.
 
  RBC Capital Markets, LLC
 
  Goldman, Sachs & Co.
 
  Morgan Stanley & Co. Incorporated
 
  Credit Agricole Securities (USA) Inc.
 
  Morgan Joseph TriArtisan LLC

Allocation:
         
Name   Principal Amount of Notes  
UBS Securities LLC
  $ 252,000,000  
Merrill Lynch, Pierce, Fenner & Smith Incorporated
    252,000,000  
Citigroup Global Markets Inc.
    252,000,000  
Credit Suisse Securities (USA) LLC
    252,000,000  


 


 

      
         
Deutsche Bank Securities Inc.
    252,000,000  
J.P. Morgan Securities LLC
    41,250,000  
U.S. Bancorp Investments, Inc.
    41,250,000  
RBC Capital Markets, LLC
    41,250,000  
Goldman, Sachs & Co.
    37,500,000  
Morgan Stanley & Co. Incorporated
    37,500,000  
Credit Agricole Securities (USA) Inc.
    11,250,000  
Morgan Joseph TriArtisan LLC
    30,000,000  
 
       
 
  $ 1,500,000,000  


     
Use of Proceeds:
  We intend to use the proceeds of this offering (i) to make an equity contribution to Charter Operating, (ii) to make an intercompany loan to Charter Operating, (iii) to pay fees and expenses related to this offering, and (iv) for general corporate purposes. Charter Operating intends to use the proceeds from the contribution and intercompany loan to repay borrowings under one or more term loan portions of Charter Operating’s credit facilities, which may include term loans held by affiliates of the underwriters or Charter and to repay borrowings under the revolving portion of Charter Operating’s credit facilities.
 
   
Trade Date:
  May 3, 2011
 
   
Settlement Date:
  May 10, 2011 (T+5)
 
   
Ratings*:
  B1/BB-/BB-
 
   
Distribution:
  SEC Registered (Registration No. 333-171526)
 
   
CUSIP/ISIN Numbers:
  CUSIP: 1248EP AU7
 
   
 
  ISIN: US1248EPAU74
 
   
Listing:
  None
 
   
Additional Information:
  The following language is hereby added to the section entitled “Underwriting” on page S-84 of the Preliminary Prospectus Supplement:
 
   
 
  We expect that delivery of the Notes will be made to investors on or about May 10, 2011, which will be the fifth business day following the date of this prospectus supplement (such settlement cycle being herein referred to as “T+5”). Under Rule 15c6-1 under the Exchange Act, trades in the secondary market are required to settle in three business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes on the date of this prospectus

 


 

     
 
  supplement or the next succeeding business day will be required, by virtue of the fact that the Notes initially will settle in T+5, to specify an alternate settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers of Notes who wish to trade Notes prior to their date of delivery hereunder should consult their own advisor.
*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The Issuers and the guarantor have filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents that the Issuers and the guarantor have filed with the SEC for more complete information about the Issuers, the guarantor and this offering. You may get these documents for free by visiting the SEC Web site at www.sec.gov.