Shares of Charter Communications ( CHTR) rose Friday as investors digested news related to the company's financial structure.

Following the cable operator's Thursday announcement of a system sale valued at $91 million, sources reported Friday that the company would be talking with lenders about aspects of the company's agreement to borrow $300 million from controlling shareholder Paul Allen.

In addition, Wall Street awaited a long-expected resolution of a deal in which Comcast ( CMCSA) can put its stake in a Comcast-Charter joint venture to Paul Allen for $725 million.

On Friday, a Charter spokesman said he wouldn't comment on a Reuters story about the lender meeting because it had no named sources and appeared to be speculative.

In recent weeks, the perception has grown among investors that Charter, which once appeared to be a likely candidate for bankruptcy protection, is getting its financial house in order.

The St. Louis-based cable operator, which traded as low as 76 cents in early March, jumped 25 cents Friday to trade at $3.04.

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