Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Altice France SA > News item |
Altice France starts tender offer for two series of notes due 2025
By Mary-Katherine Stinson
Lexington, Ky., March 4 – Altice France SA launched cash tender offers for up to a maximum principal amount of €215 million of its outstanding 2½% senior secured notes due Jan. 15, 2025 (ISIN: XS2054539627) and/or 2 1/8% senior secured notes due Feb. 15, 2025 (ISIN: XS2110799751), according to a notice.
The company will purchase the January 2025 notes at 98.5 and the February 2025 notes at 98.
Tenders are subject to proration.
The offer expires on 11 a.m. ET on March 11. Settlement is expected to be on March 14.
Currently, a total of €489,854,000 of the January 2025 notes and €438,287,000 of the February 2025 notes are outstanding, although the tender offer is only being extended to the Regulation S notes of both series.
The issuer will not accept tenders of the Rule 144A notes for either series (ISINs: XS2054539544, XS2110813099).
Goldman Sachs Bank Europe SE (+44 20 7774 4836, liabilitymanagement.eu@gs.com) is the dealer manager.
Kroll Issuer Services Ltd. (+ 44 20 7704 0880, Attention: Alessandro Zorza, altice@is.kroll.com, https://deals.is.kroll.com/altice) is the tender agent.
Altice is a Paris-based telecom.
© 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.