Charter Communications, Inc.
Jerald L. Kent, President and Chief Executive Officer:
"The fact that Goldman Sachs helped us to raise nearly $7.5 billion in 1999
underscores how integral a part of our financing activities the firm has been since our
predecessors first high-yield offering in 1987. During the year, Goldman Sachs led
our IPO and our debut high-yield financing, each of which was one of the largest ever in
the U.S. markets. Through the years, the firm has advised us on general business
strategies, financings, and mergers and acquisitions. Were constantly bouncing ideas
off Goldman Sachs professionals and seeking their advice. We work well together, because
we share certain values. Trust, honesty and integrity are very important to both our
organizations. Like us, Goldman Sachs hires very good people and turns them loose,
empowering them. We stand behind what we say and what we dothis is at the top of our
culture statement. And that is what the Goldman Sachs team has done with us. During our
IPO and high-yield offerings, very senior people at the firm were in touch with us to make
sure our needs were met. Goldman Sachs CEO introduced us at our New York high-yield
road show and came to our IPO pricing dinner. That kind of accessibility and concern
builds long-lasting relationships."
- Goldman Sachs acted as global coordinator and joint bookrunner for a $3.6 billion
high-yield offeringthe largest ever in the media/telecommunications industry.
- The firm was global coordinator and sole bookrunner for the $3.7 billion IPO of
Charterone of the largest IPOs to date.
- Goldman Sachs has been an advisor to Charter and its predecessor company since 1987,
supporting its rapid evolution into one of the largest and most successful cable operators
in the United States.