-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, V0K6s+4HUfZuGaBRWaa12BjEbFRIg05X3n3gXhBLm7Hdg00U/iarFicmbouUdlri FGb2zZ6O8Cvh+kbARzZYfA== 0001047469-05-006179.txt : 20050311 0001047469-05-006179.hdr.sgml : 20050311 20050311134849 ACCESSION NUMBER: 0001047469-05-006179 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050311 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050311 DATE AS OF CHANGE: 20050311 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRONTIERVISION HOLDINGS CAPITAL II CORP CENTRAL INDEX KEY: 0001079201 IRS NUMBER: 841481765 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-75567-01 FILM NUMBER: 05674862 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OLYMPUS CAPITAL CORP CENTRAL INDEX KEY: 0000754019 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 232868925 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-19327-01 FILM NUMBER: 05674867 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: . CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: . CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARAHOVA COMMUNICATIONS INC CENTRAL INDEX KEY: 0000785080 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 251844576 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16899 FILM NUMBER: 05674861 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FORMER COMPANY: FORMER CONFORMED NAME: CENTURY COMMUNICATIONS CORP DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OLYMPUS COMMUNICATIONS LP CENTRAL INDEX KEY: 0000861255 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 251622615 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-19327 FILM NUMBER: 05674860 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: . CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: . CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRONTIERVISION OPERATING PARTNERS LP CENTRAL INDEX KEY: 0001019504 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 841316775 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-09535 FILM NUMBER: 05674866 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: X CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: X CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRONTIERVISION CAPITAL CORP CENTRAL INDEX KEY: 0001020291 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE LESSORS [6172] IRS NUMBER: 841353734 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-09535-01 FILM NUMBER: 05674865 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: X CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRONTIERVISION HOLDINGS CAPITAL CORP CENTRAL INDEX KEY: 0001045708 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 841432976 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-36519-01 FILM NUMBER: 05674863 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRONTIERVISION HOLDINGS LP CENTRAL INDEX KEY: 0001045710 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 841432334 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-36519 FILM NUMBER: 05674864 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 8-K 1 a2153420z8-k.htm 8-K
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Date of Report (date of earliest event reported): March 11, 2005

OLYMPUS COMMUNICATIONS, L.P.
OLYMPUS CAPITAL CORPORATION
FRONTIERVISION OPERATING PARTNERS, L.P.
FRONTIERVISION CAPITAL CORPORATION
FRONTIERVISION HOLDINGS, L.P.
FRONTIERVISION HOLDINGS CAPITAL CORPORATION
FRONTIERVISION HOLDINGS CAPITAL II CORPORATION
ARAHOVA COMMUNICATIONS, INC.
(Exact name of registrants as specified in their respective charters)

Delaware
Delaware
Delaware
Delaware
Delaware
Delaware
Delaware
Delaware
  333-19327
333-19327-01
333-9535
333-9535-01
333-36519
333-36519-01
333-75567-01
0-16899
  25-1622615
23-2868925
84-1316775
84-1353734
84-1432334
84-1432976
84-1481765
25-1844576
(State or other jurisdiction
of incorporation)
  (Commission
File Numbers)
  (IRS Employer
Identification Nos.)

5619 DTC Parkway—Greenwood Village, CO 80111
(Address of principal executive offices) (Zip Code)

Registrants' telephone number, including area code (303) 268-6300

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 7.01. Regulation FD Disclosure.

        On March 9, 2005, Adelphia Communications Corporation (the "Company"), the ultimate parent company of each of the registrants, entered into Amendment No. 3 of Amended and Restated Commitment Letter (the "Commitment Letter Amendment") and Amendment No. 4 of Amended and Restated Fee Letter (the "Fee Letter Amendment" and, together with the Commitment Letter Amendment, the "Exit Commitment Amendments") with JPMorgan Chase Bank, N.A., J.P. Morgan Securities Inc., Credit Suisse First Boston, acting through its Cayman Islands Branch, Citicorp North America, Inc., Citigroup Global Markets Inc., Deutsche Bank AG Cayman Islands Branch and Deutsche Bank Securities Inc. (collectively, the "Exit Lenders"), relating to the Company's $8.8 billion exit financing commitment (the "Exit Financing Commitment"). The Exit Commitment Amendments will not become effective unless and until they are approved by the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court"). On March 11, 2005, the Company and its affiliated debtors, including the registrants, filed a motion with the Bankruptcy Court seeking approval of the Exit Commitment Amendments. A hearing on such motion is currently scheduled for April 8, 2005.

        Pursuant to the terms of the Commitment Letter Amendment, among other things, the commitment of the Exit Lenders in respect of the Exit Financing Commitment will be extended from June 30, 2005 until no later than December 31, 2005, unless the reorganization plan of the Company and its affiliated debtors, including the registrants, is confirmed by the Bankruptcy Court on or before December 31, 2005, in which case the Company may request that the expiration date in respect of the commitment of the Exit Lenders be extended for a period of up to 180 days.

        Under the terms of the Exit Financing Commitment (prior to giving effect to the terms of the Exit Commitment Amendments), certain commitment fees accrue with respect to the $5.5 billion commitment of the Exit Lenders in respect of the senior secured credit facilities contemplated thereby (the "Bank Facilities") and the $3.3 billion commitment of the Exit Lenders in respect of the senior unsecured bridge facility contemplated thereby. Under the terms of the Exit Financing Commitment (prior to giving effect to the terms of the Exit Commitment Amendments), such commitment fees will not become payable by the Company until the earlier to occur of (i) the closing date of the exit financing facilities contemplated by the Exit Financing Commitment and (ii) the date that all of the commitments of the Exit Lenders under the Exit Financing Commitment (prior to giving effect to the terms of the Exit Commitment Amendments) are terminated or expire pursuant to the terms thereof. Under the terms of the Fee Letter Amendment, the Company has agreed to pay, on June 30, 2005, the date on which the commitment of the Exit Lenders under the Exit Financing Commitment (prior to giving effect to the terms of the Exit Commitment Amendments) is scheduled to expire, the accrued and unpaid commitment fees in respect of the Bank Facilities and the Bridge Facility (such accrued and unpaid commitment fees in respect of such facilities are estimated to be approximately $53.0 million in the aggregate as of June 30, 2005). From and after June 30, 2005, the commitment fees in respect of the Bank Facilities and the Bridge Facility will continue to accrue on the terms set forth in the Exit Financing Commitment (after giving effect to the terms of the Exit Commitment Amendments).

        The foregoing summary of certain material terms of the Commitment Letter Amendment is qualified in its entirety by reference to the Commitment Letter Amendment, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.


Item 9.01. Financial Statement and Exhibits.

    (c)
    Exhibits.

Exhibit No.
  Description
99.1   Amendment No. 3 of Amended and Restated Commitment Letter, dated March 9, 2005, among Adelphia Communications Corporation, JPMorgan Chase Bank, N.A., J.P. Morgan Securities Inc., Credit Suisse First Boston, acting through its Cayman Islands Branch, Citicorp North America, Inc., Citigroup Global Markets Inc., Deutsche Bank AG Cayman Islands Branch and Deutsche Bank Securities Inc.

Cautionary Statement Regarding Forward-Looking Statements

        This report includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding the Company's and its subsidiaries' and affiliates' expected future financial position, results of operations, cash flows, process for sale of the Company, restructuring and financing plans, expected emergence from bankruptcy, business strategy, budgets, projected costs, capital expenditures, network upgrades, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. Such forward-looking statements are inherently uncertain, and readers must recognize that actual results may differ materially from the Company's expectations. The Company does not undertake a duty to update such forward-looking statements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2003 and the Company's pending bankruptcy proceeding, results of litigation against the Company and government investigations of the Company, the effects of government regulation including the actions of local cable franchising authorities, the availability of financing, actions of the Company's competitors, results and impacts of the process to sell the Company or its assets, pricing and availability of programming, equipment, supplies, and other inputs, the Company's ability to upgrade its network, technological developments, and changes in general economic conditions. Many of these factors are outside of the Company's control.


SIGNATURE

        Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: March 11, 2005

 

OLYMPUS COMMUNICATIONS, L.P. (Registrant)

 

 

By:

 

ACC OPERATIONS, INC.,
its Managing General Partner

 

 

By:

 

/s/  
VANESSA A. WITTMAN      
Vanessa A. Wittman
Executive Vice President and Financial Officer

 

 

OLYMPUS CAPITAL CORPORATION (Registrant)

 

 

By:

 

/s/  
VANESSA A. WITTMAN      
Vanessa A. Wittman
Executive Vice President and Chief Financial Officer

 

 

FRONTIERVISION OPERATING PARTNERS, L.P. (Registrant)

 

 

By:

 

FRONTIERVISION HOLDINGS, L.P.,
its General Partner

 

 

 

 

By:

 

FRONTIERVISION PARTNERS, L.P.,
its General Partner

 

 

 

 

 

 

By:

 

ADELPHIA GP HOLDINGS, L.L.C.,
its General Partner

 

 

 

 

 

 

 

 

By:

 

ACC OPERATIONS, INC.,
its Sole Member

 

 

 

 

 

 

 

 

 

 

By:

 

/s/  
VANESSA A. WITTMAN      
Vanessa A. Wittman
Executive Vice President and Chief Financial Officer

 

 

FRONTIERVISION CAPITAL CORPORATION (Registrant)

 

 

By:

 

/s/  
VANESSA A. WITTMAN      
Vanessa A. Wittman
Executive Vice President and Chief Financial Officer

 

 

FRONTIERVISION HOLDINGS, L.P. (Registrant)

 

 

By:

 

FRONTIERVISION PARTNERS, L.P.,
its General Partner

 

 

 

 

By:

 

ADELPHIA GP HOLDINGS, L.L.C.,
its General Partner

 

 

 

 

 

 

By:

 

ACC OPERATIONS, INC.,
its Sole Member

 

 

 

 

 

 

 

 

By:

 

/s/  
VANESSA A. WITTMAN      
Vanessa A. Wittman
Executive Vice President and Chief Financial Officer

 

 

FRONTIERVISION HOLDINGS CAPITAL CORPORATION (Registrant)

 

 

By:

 

/s/  
VANESSA A. WITTMAN      
Vanessa A. Wittman
Executive Vice President and Chief Financial Officer

 

 

FRONTIERVISION HOLDINGS CAPITAL II CORPORATION (Registrant)

 

 

By:

 

/s/  
VANESSA A. WITTMAN      
Vanessa A. Wittman
Executive Vice President and Chief Financial Officer

 

 

ARAHOVA COMMUNICATIONS, INC. (Registrant)

 

 

By:

 

/s/  
VANESSA A. WITTMAN      
Vanessa A. Wittman
Executive Vice President and Chief Financial Officer


EXHIBIT INDEX

Exhibit No.
  Description
99.1   Amendment No. 3 of Amended and Restated Commitment Letter, dated March 9, 2005, among Adelphia Communications Corporation, JPMorgan Chase Bank, N.A., J.P. Morgan Securities Inc., Credit Suisse First Boston, acting through its Cayman Islands Branch, Citicorp North America, Inc., Citigroup Global Markets Inc., Deutsche Bank AG Cayman Islands Branch and Deutsche Bank Securities Inc.



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SIGNATURE
EXHIBIT INDEX
EX-99.1 2 a2153420zex-99_1.htm EX 99.1
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EXHIBIT 99.1

        March 9, 2005


Adelphia Communications Corporation
Senior Secured Credit Facilities
Senior Unsecured Bridge Facility
Amendment No. 3 of Amended and Restated Commitment Letter

Adelphia Communications Corporation
5619 DTC Parkway
Greenwood Village, CO 80111

Attention:   William T. Schleyer, Chairman & Chief Executive Officer
Vanessa A. Wittman, Executive Vice President & Chief Financial Officer

Ladies and Gentlemen:

        Reference is made to that certain amended and restated commitment letter executed on March 24, 2004 and effective as of February 24, 2004 (as amended on June 1, 2004 and as further amended on June 28, 2004, the "Commitment Letter") among Adelphia Communications Corporation ("Adelphia"), JPMorgan Chase Bank, N.A. ("JPMCB"), Credit Suisse First Boston, acting through its Cayman Islands Branch ("CSFB"), Citicorp North America, Inc. ("Citigroup"), Deutsche Bank AG Cayman Islands Branch ("DB Cayman" and, together with JPMCB, CSFB and Citigroup, the "Initial Lenders"), J.P. Morgan Securities Inc. ("JPMSI"), Citigroup Global Markets Inc. ("CGMI") and Deutsche Bank Securities Inc. ("DBSI" and, together with JPMSI, CSFB and CGMI, the "Arranger Group"). Capitalized terms used but not defined in this Amendment No. 3 of Amended and Restated Commitment Letter (this "Amendment Letter") have the meanings assigned thereto in the Commitment Letter.

        1.     The parties hereto hereby acknowledge and agree that from and after the effective date of this Amendment Letter, and notwithstanding anything in the Commitment Letter or the other Commitment Documents to the contrary, any and all references in the Commitment Letter and the other Commitment Documents to the term "Draft Plan of Reorganization" shall mean the First Amended Joint Plan of Reorganization of the Debtor Entities, a copy of which was filed with the Bankruptcy Court on February 4, 2005.

        2.     The parties hereto hereby acknowledge and agree that upon the effectiveness of this Amendment Letter, the 20th paragraph of the Commitment Letter will be deemed to be amended as follows:

            (a)   by replacing the date "June 30, 2005" contained in clause (v) of the fourth sentence thereof with the date "December 31, 2005"; and

            (b)   by replacing the words "ninety (90) calendar days" contained in clause (v) of the fourth sentence thereof with the words "180 calendar days".

        Without limiting the foregoing, the parties hereto hereby acknowledge and agree that from and after the effective date of this Amendment Letter, any and all references in the Commitment Letter and the other Commitment Documents to the term "Initial Date" shall mean December 31, 2005.

        3.     The parties hereto hereby acknowledge and agree that upon the effectiveness of this Amendment Letter, the final proviso contained in the Sections entitled "Effectiveness of Reorganization Plan" in Schedule III to Exhibit A to the Commitment Letter and in Schedule III to Exhibit B to the Commitment will be deemed to be amended by replacing the words "ninety (90) calendar days" contained therein with the words "180 calendar days".

        This Amendment Letter may be executed in any number of counterparts, each of which shall be an original, and all of which, when taken together, shall constitute one agreement. Delivery of an executed signature page of this Amendment Letter by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof or thereof. This Amendment Letter shall be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to the conflicts of laws principles thereof. Each party hereto waives, to the fullest extent permitted by applicable law, any right it may have to a trial by jury in any legal proceeding directly or indirectly arising out of or relating to this Amendment Letter (whether based on contract, tort or any other theory).

        From and after the effective date of this Amendment Letter, the Commitment Letter (as amended hereby) shall remain in full force and effect on the terms set forth therein (after giving effect to the amendments contemplated hereby). The parties hereto hereby acknowledge and agree that this Amendment Letter and the contents hereof may be disclosed to the same extent and subject to the same terms and conditions which govern the disclosure of the Commitment Letter as set forth therein.

        The parties hereto hereby acknowledge and agree that this Amendment Letter, that certain Amendment No. 4 of Amended and Restated Fee Letter, dated the date hereof, among the parties hereto (the "Fee Letter Amendment") and the terms and conditions set forth herein and therein shall not become effective as to any party hereto or thereto unless, on or prior to June 30, 2005, Adelphia shall have delivered to us a copy of an order in respect of each Bankruptcy Case (the "2005 Approval Order") that has been entered by the Bankruptcy Court and become effective, in form and substance reasonably satisfactory to us, authorizing (a) Adelphia's execution and delivery of this Amendment Letter and the Fee Letter Amendment and (b) the Credit Parties (other than the JV Entities) to (i) pay, in cash, all fees and expenses set forth in this Amendment Letter and the Fee Letter Amendment and (ii) otherwise incur its obligations under this Amendment Letter and the Fee Letter Amendment, which 2005 Approval Order shall specifically provide that our right to receive all amounts due and owing to us as outlined herein and in the Fee Letter Amendment and reimbursement of all reasonable costs and expenses incurred in connection with the negotiation, execution and delivery of this Amendment Letter and the Fee Letter Amendment, shall be entitled to priority as administrative expense claims under Sections 503(b)(1) and 507(a)(1) of the Bankruptcy Code, whether or not the Senior Secured Credit Facilities and the Bridge Facility are consummated. Notwithstanding anything contained herein or in the Fee Letter Amendment to the contrary, in the event that the 2005 Approval Order has not been entered and become effective on the terms contemplated in the immediately preceding sentence, this Amendment Letter and the Fee Letter Amendment shall automatically, without any further action by any party hereto or thereto, become null and void and the terms and conditions set forth in the Commitment Letter and the other Commitment Documents (excluding this Amendment Letter and the Fee Letter Amendment) shall continue to remain in full force and effect unaltered by the terms and conditions set forth herein and in the Fee Letter Amendment.

[Remainder of page intentionally left blank.]


 

 

Very truly yours,

 

 

JPMORGAN CHASE BANK, N.A.

 

 

By:

 

/s/  
BRUCE BORDEN      
Name: Bruce Borden
Title: Vice President

 

 

J.P. MORGAN SECURITIES INC.

 

 

By:

 

/s/  
BRUCE BORDEN      
Name: Bruce Borden
Title: Vice President

 

 

CREDIT SUISSE FIRST BOSTON, ACTING THROUGH ITS CAYMAN ISLANDS BRANCH

 

 

By:

 

/s/  
SOVONNA DAY-GOINS      
Name: Sovonna Day-Goins
Title: Director

 

 

By:

 

/s/  
THOMAS HALL      
Name: Thomas Hall
Title: Vice President

 

 

CITICORP NORTH AMERICA, INC.

 

 

By:

 

/s/  
CAESAR W. WYSZOMIRSKI      
Name: Caesar W. Wyszomirski
Title: Vice President

 

 

CITIGROUP GLOBAL MARKETS INC.

 

 

By:

 

/s/  
CAESAR W. WYSZOMIRSKI      
Name: Caesar W. Wyszomirski
Title: Vice President

 

 

DEUTSCHE BANK AG CAYMAN ISLANDS BRANCH

 

 

By:

 

/s/  
DAVID MAYHEW      
Name: David Mayhew
Title: Managing Director

 

 

By:

 

/s/  
STEPHEN CAYER      
Name: Stephen Cayer
Title: Director

 

 

DEUTSCHE BANK SECURITIES INC.

 

 

By:

 

/s/  
WILLIAM S. DETWILER      
Name: William S. Detwiler
Title: Director

 

 

By:

 

/s/  
CHARLES J. CAREY      
Name: Charles J. Carey
Title: Managing Director

Accepted and agreed to as of the date first written above by:

 

 

ADELPHIA COMMUNICATIONS CORPORATION

 

 

By:

 

/s/  
VANESSA A. WITTMAN      
Name: Vanessa A. Wittman
Title: Executive Vice President and Chief Financial Officer

 

 



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Adelphia Communications Corporation Senior Secured Credit Facilities Senior Unsecured Bridge Facility Amendment No. 3 of Amended and Restated Commitment Letter
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