Altice France plans dual currency senior secured notes due 2027

By Cristal Cody

Tupelo, Miss., Sept. 12 – Altice France SA (B2/B) is marketing a €1.5 billion dual currency offering of senior secured notes due 2027 in the high-yield primary market on Thursday, according to an informed source.

The Rule 144A and Regulation S deal includes euro- and dollar-denominated eight-year tranches.

Investor calls will be held on Thursday.

Goldman Sachs International is the left bookrunner on the euro notes, while Citigroup Global Markets Inc. is the left bookrunner on the dollar issue.

Joint bookrunners are Barclays, BNP Paribas Securities Corp., Credit Agricole CIB, Credit Suisse Securities, Deutsche Bank Securities, J.P. Morgan Securities, Morgan Stanley, RBC Capital Markets LLC and Societe Generale.

Proceeds will be used to fund the redemption of all of the residual Altice Lux notes due 2022, to fund a partial redemption of Altice France’s notes due 2024 and for general corporate purposes.

Altice France is a cable and telecommunications company based in Paris.

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