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Altice France to redeem €500 million portion of 5 5/8% notes June 9
By Wendy Van Sickle
Columbus, Ohio, May 10 – Altice France SA will redeem €500 million principal amount, or 40%, of its 5 5/8% euro-denominated senior notes due 2024 on June 9, according to a notice to bondholders.
The redemption price is 102.813% of par plus accrued interest up to but excluding the redemption date.
The total accrued interest on the redeemed portion of the notes payable on the redemption date will be €8,906,250. Accordingly, the redemption amount will be €522,971,250.
The record date is June 7.
The partial redemption is subject to and conditional upon the issuer obtaining debt or other financing.
Altice provides pay television, broadband internet, fixed-line telephony and mobile telephony services and is based in France.
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