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Altice France, Altice Luxembourg to redeem 5 3/8%, 6¼% and 7¾% notes
By Sarah Lizee
Olympia, Wash., Sept. 16 – Altice France SA and Altice Luxembourg SA announced conditional notices of redemption for three series of notes.
Altice France plans to redeem all €750 million of its 5 3/8% senior secured notes due 2024 on Oct. 16 at 102.813 plus accrued interest to but excluding the redemption date of €7,148,437.50, for a total redemption amount of €771,097,500.
Altice France will also redeem all $815 million of its 6¼% senior secured notes due 2024 on Oct. 13 at 103.125 plus accrued interest to but excluding the redemption date of $8,206,597.22, for a total redemption amount of $848,675,347.22.
Altice Luxembourg plans to redeem all $636 million of its 7¾% senior notes due 2022 on Oct. 13 at 101.938 plus accrued interest to but excluding the redemption date of $7,941,166.67, for a total redemption amount of $656,266,846.67.
The redemptions are subject to a financing condition.
Altice provides pay television, broadband internet, fixed-line telephony and mobile telephony services.
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