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Altice conditionally calls all $2.47 billion of 7½% notes due 2026
By Wendy Van Sickle
Columbus, Ohio, Aug. 4 – Altice Financing SA issued a notice of conditional full redemption for its 7½% senior secured notes due 2026 (Cusips: 02154CAE3, L0178WAG7).
Altice will redeem all $2,470,630,000 of the notes on Aug. 13 at 103.75 plus accrued interest to but excluding the redemption date.
Total accrued interest will be $14,412,008, making the aggregate redemption amount $2,577,690,633.
The redemption is subject to a financing condition. The company priced eight-year secured notes in $1.93 billion and €700 million tranches on Tuesday.
Deutsche Bank Trust Co. Americas is the trustee.
Altice is a Paris-based telecom.
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