Information on Record Dates for Distributions
GREENWOOD VILLAGE, Colo., Feb. 12 /PRNewswire/ -- Adelphia
Communications Corporation (OTC: ADELQ) announced today that the Effective
Date of its First Modified Fifth Amended Joint Chapter 11 Plan of
Reorganization of Adelphia Communications Corporation and Certain
Affiliated Debtors, dated as of January 3, 2007, as Confirmed, will occur
tomorrow, February 13, 2007.
The Distribution Record Date for distributions under the Plan to
holders of Notes Claims and Equity Interests will be February 13, 2007 at
4:00 p.m. (Eastern Standard Time). January 10, 2007 at 4:00 p.m. (Eastern
Standard Time) remains the Distribution Record Date for holders of all
Claims other than Notes Claims and Equity Interests. Initial distributions
will commence on February 13th.
Creditor inquiries regarding distributions under the Plan should be
directed to creditor.inquiries@adelphia.com.
About Adelphia
Prior to the sale of substantially all of the consolidated assets of
Adelphia to Time Warner NY Cable LLC ("TW NY") and Comcast Corporation
("Comcast") on July 31, 2006 (the "Sale Transaction"), Adelphia
Communications Corporation was the fifth largest cable television company
in the country. It served customers in 31 states and offered analog and
digital video services, high-speed Internet access and other advanced
services over its broadband networks.
Cautionary Statement Regarding Forward-Looking Statements
This press release includes forward-looking statements. All statements
regarding the Company's and its subsidiaries' and affiliates' expected
sources and uses of cash, income tax positions, indemnification obligations
and any post-closing purchase price adjustments related to the Sale
Transaction with TW NY and Comcast, settlements with the Securities and
Exchange Commission (the "SEC") and the United States Attorney's Office for
the Southern District of New York (the "U.S. Attorney") and future course
of the administration of the Plan, 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 the potential costs and impacts of the
transactions and obligations associated with the Sale Transaction with TW
NY and Comcast, whether all of the transactions contemplated by the
settlements with the SEC and the U.S. Attorney are consummated, the
Company's administration of the Plan, the tax effects of various aspects of
the Plan, results of litigation against the Company, results and impacts of
the sale of the Company's assets and those discussed under Item 1A, "Risk
Factors," in the Company's Quarterly Report on Form 10-Q for the period
ended September 30, 2006 and in the Company's Second Disclosure Statement
Supplement, filed with the Bankruptcy Court on October 16, 2006, which is
available at the restructuring website at http://www.adelphiarestructuring.com.
Information contained on this Internet website or the Company's Internet
website is not incorporated by reference into this press release. Many of
these factors are outside of the Company's control.
SOURCE Adelphia Communications Corporation
 back to top
Related links:
http://www.adelphiarestructuring.com
http://www.prnewswire.com/comp/010150.html/
CONTACT:
Media and Investor Relations, Mark Spiecker
of Adelphia Communications Corporation, +1-303-268-6545
|
