Published on 10/6/2017 in the Prospect News High Yield Daily.
New Issue: Altice sells upsized €675 million 10.25-year notes at par to yield 4¾%
By Paul A. Harris
Portland, Ore., Oct. 6 – Altice Finco SA has price an upsized €675 million amount of 10.25-year senior notes (B3) at par to yield 4¾%, according to a stabilization notice which appeared on Friday.
The issue size was increased from €500 million.
J.P. Morgan Securities plc, Barclays, BNP Paribas, Credit Suisse, Goldman Sachs and Morgan Stanley are the stabilization managers.
Altice is a Netherlands-based telecom.
| Issuer: | Altice Finco SA
|
| Amount: | €675 million, increased from €500 million
|
| Tenor: | 10.25 years
|
| Securities: | Senior notes
|
| Stabilization managers: | J.P. Morgan Securities plc, Barclays, BNP Paribas, Credit Suisse, Goldman Sachs and Morgan Stanley
|
| Coupon: | 4¾%
|
| Price: | Par
|
| Yield: | 4¾%
|
| Call protection: | Five years
|
| Announcement date: | Oct. 6
|
| Rating: | Moody’s: B3
|
| Distribution: | Rule 144A and Regulation S
|
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