Altice sets talk for $700 million equivalent two-part notes offering

By Aleesia Forni

Columbus, Ohio, Dec. 6 - Altice Group has set price talk for its euro- and dollar-denominated $700 million equivalent note offering, a market source said.

Price talk for the dollar-denominated tranche is set at 8% to 8¼%.

The euro-denominated tranche is being talked 12.5 bps higher than the dollar-denominated tranche.

As previously reported, the securities will mature in December 2019 and be non-callable for three years.

Goldman Sachs, HSBC and Morgan Stanley are the bookrunners for the Rule 144A and Regulation S deal.

Proceeds will be used to refinance the telecommunications company's debt and to finance the acquisition of the remaining 31% stake in Hot Mobile that Altice does not own.

Altice operates Hot Mobile, a wireless telecommunications company in Israel, and Israeli cable television company Hot.

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