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Altice conditionally calls $2.88 billion of 7 3/8% notes due 2026
By Marisa Wong
Los Angeles, April 14 – Altice France SA issued a notice of conditional partial redemption for its 7 3/8% senior secured notes due 2026 (Cusip: 67054KAA7, F6628RAA1).
Altice France will redeem $2,882,000,000 of the notes on May 1 at 103.688 plus accrued interest to but excluding the redemption date.
Total accrued interest will be $62,583,430.56, making the aggregate redemption amount $3,050,871,590.56.
The redemption is conditioned on the issuer obtaining debt or other financing for the redemption.
On Tuesday the company announced it priced two tranches of eight-year senior secured notes in the amounts of $2.5 billion and €400 million.
Deutsche Bank Trust Co. Americas is the trustee.
Altice is a Paris-based telecom.
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