Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Altice Financing SA > News item |
Altice calls 6½% senior secured notes due 2022 in dollars and euros
New York, Nov. 16 – Altice Financing SA will redeem its $900 million of 6½% senior secured notes due 2022 and its €300 million of 6½% senior secured notes, also due 2022, according to a notice from the issuer.
For both series of debt, the notes will be repaid on Dec. 15 and the redemption price will be 103.25% of par plus accrued interest up to but excluding the redemption date.
Completion of the redemption is subject to at least $900 million and €300 million being raised from new bank debt.
In October the company launched $900 million and €300 million of 8.25-year term loans via Goldman Sachs, JPMorgan, Barclays, BNP Paribas, Credit Suisse and Morgan Stanley as bookrunners. Goldman is left lead on the U.S. piece and JPMorgan left lead on the euro piece.
Interest is at Libor or Euribor plus 275 basis points, and both tranches are being offered at 99.75.
Altice is a Luxembourg-based cable and telecom company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.