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Altice USA Inc (ATUS.N)

ATUS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Altice USA Announces Successful Pricing Of New Term Loan
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Altice USA Inc ::ALTICE USA ANNOUNCES SUCCESSFUL PRICING OF NEW TERM LOAN.ALTICE USA INC - UNIT PRICED A NEW $1 BILLION 8.25-YEAR SENIOR SECURED TERM LOAN B MATURING ON APRIL 15, 2027.  Full Article

Altice USA Unit Enters Into Seventh Amendment To Credit Agreement
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Altice USA Inc ::ALTICE USA INC SAYS ON JAN 24, CO'S UNIT ENTERED INTO A SEVENTH AMENDMENT TO CREDIT AGREEMENT - SEC FILING.ALTICE USA INC - SEVENTH AMENDMENT AMENDS AND SUPPLEMENTS BORROWER'S CREDIT AGREEMENT, DATED AS OF OCTOBER 9, 2015.ALTICE USA - SEVENTH AMENDMENT PROVIDES FOR IN AGGREGATE PRINCIPAL AMOUNT OF $2,170.0 MILLION WITH AN EXTENDED MATURITY UNTIL JANUARY 2024.  Full Article

Altice Usa Announces Pricing Of $1,500 Million Senior Guaranteed Notes Due 2029
Friday, 25 Jan 2019 

Jan 25 (Reuters) - Altice USA Inc ::ALTICE USA ANNOUNCES SUCCESSFUL PRICING OF $1,500 MILLION SENIOR GUARANTEED NOTES DUE 2029.ALTICE USA INC - SUBSIDIARY CSC HOLDINGS PRICED AN OFFERING OF $1,500.0 MILLION OF ITS SENIOR GUARANTEED NOTES DUE 2029.  Full Article

Altice To Sell 49.99 Percent Stake In SFR FTTH For 1.8 Billion Euros
Friday, 30 Nov 2018 

Nov 30 (Reuters) - ALTICE EUROPE NV ::THANKS TO ALTICE FIBRE STRATEGY: SFR WILL DELEVERAGE AND GROW FROM 2019.EUR 3.6 BILLION EQUITY PARTNERSHIP WITH PRESTIGIOUS FRENCH, EUROPEAN AND CANADIAN INSTITUTIONS CREATES LEADING FTTH INFRASTRUCTURE WHOLESALER IN FRANCE.EQUITY PARTNERSHIP BRINGS AN ADDITIONAL EUR 1.8 BILLION OF CASH TO SFR.THROUGH THIS TRANSACTION ALTICE FRANCE AND ALTICE EUROPE WILL FURTHER REDUCE THEIR NET LEVERAGE RATIOS AND SIGNIFICANTLY GROW.TRANSACTION IS EXPECTED TO OCCUR IN H1 2019.ALTICE FRANCE HAS ENTERED INTO AN EXCLUSIVITY AGREEMENT WITH ALLIANZ CAPITAL PARTNERS AXA INVESTMENT MANAGERS - REAL ASSETS, ACTING ON BEHALF OF CLIENTS OMERS INFRASTRUCTURE.SALE OF A MINORITY EQUITY STAKE OF 49.99% IN SFR FTTH FOR A TOTAL CASH CONSIDERATION OF EUR 1.8 BILLION BASED.SFR FTTH WILL DEPLOY FIBRE MASSIVELY IN NEXT 4 YEARS, AT LEAST 1 MILLION HOMES PASSED PER YEAR.  Full Article

Altice Europe Announces Strengthening Of Board
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Altice Europe Nv ::ALTICE EUROPE N.V. ANNOUNCES STRENGTHENING OF THE BOARD OF DIRECTORS AND EVOLUTION OF GROUP MANAGEMENT.MALO CORBIN IS APPOINTED ALTICE EUROPE CFO.  Full Article

Altice Usa Inc - Unit Entered A 6th Amendment To Credit Agreement
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Altice Europe NV ::ALTICE USA INC - ON OCT 15, UNIT ENTERED INTO A SIXTH AMENDMENT TO CREDIT AGREEMENT - SEC FILING.ALTICE USA INC - SIXTH AMENDMENT PROVIDES FOR NEW INCREMENTAL TERM LOAN COMMITMENTS IN AMOUNT OF $1,275 MILLION.  Full Article

Altice Europe N.V. Is Conducting A Strategic Review Of Its Fiber Infrastructure
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - Altice Europe NV ::ALTICE EUROPE N.V. IS CONDUCTING A STRATEGIC REVIEW OF ITS FIBER INFRASTRUCTURE.ALTICE EUROPE NV - HAS TAKEN NOTE OF RECENT MARKET SPECULATION REGARDING ITS FIBER INFRASTRUCTURE.ALTICE EUROPE NV - HAS UNDERTAKEN A STRATEGIC REVIEW OF FIBER INFRASTRUCTURE TO FURTHER ACCELERATE ITS DEPLOYMENT, EXPLORING FINANCIAL PARTNERSHIPS.ALTICE EUROPE NV - NO FINAL DECISION WITH RESPECT TO ANY STRATEGIC TRANSACTION INVOLVING ITS FIBER INFRASTRUCTURE HAS BEEN TAKEN.  Full Article

Altice USA Intends To Combine Suddenlink, Optimum Businesses Under Single Credit Silo
Tuesday, 2 Oct 2018 

Oct 2 (Reuters) - Altice Europe NV ::ALTICE USA ANNOUNCES ITS INTENTION TO COMBINE ITS SUDDENLINK (CEQUEL) AND OPTIMUM (CABLEVISION) BUSINESSES UNDER A SINGLE CREDIT SILO.ALTICE USA INC - COMBINATION IS EXPECTED TO BE LEVERAGE NEUTRAL FOR ALTICE USA.ALTICE USA - COMBINATION EXPECTED TO BE EFFECTED MAINLY BY EXCHANGE OF ORIGINAL NOTES INTO NEW CEQUEL SENIOR SECURED AND SENIOR NOTES BY SAME ISSUERS.ALTICE USA - COMBINATION ALSO EXPECTED TO BE EFFECTED MAINLY BY REFINANCING OF EXISTING CEQUEL CREDIT FACILITY WITH PROCEEDS OF NEW TERM LOAN AT CSC HOLDINGS.ALTICE USA INC - UNITS HAVE COMMENCED OFFERS TO EXCHANGE ANY AND ALL OUTSTANDING ORIGINAL NOTES ISSUED BY THEM.ALTICE USA - UNITS TO EXCHANGE UP TO $5.52 BILLION OF NEW NOTES AND IN CASE OF 5.375% SECURED NOTES DUE 2023, 5.500% SECURED NOTES DUE 2026, CASH.  Full Article

Altice Europe Intends To Create One Of The Largest European TowerCos
Wednesday, 20 Jun 2018 

June 20 (Reuters) - ALTICE EUROPE NV ::ALTICE EUROPE INTENDS TO CREATE ONE OF THE LARGEST EUROPEAN TOWERCOS.TOTAL CASH CONSIDERATION OF EUR 2.5BN.ALTICE EUROPE DELIVERS ON ITS DELEVERAGING PROGRAM.ALTICE FRANCE AND PT PORTUGAL WILL ENTER INTO 20-YEAR MASTER AGREEMENTS.SALE OF EQUITY STAKES IN THEIR TELECOMMUNICATION TOWER BUSINESSES IN FRANCE AND PORTUGAL.AS PART OF TRANSACTION, ALTICE EUROPE WOULD CREATE ONE OF LARGEST EUROPEAN TOWERCOS, INCLUDING #1 TOWERCO IN FRANCE..TRANSACTIONS WILL STRENGTHEN BOTH ALTICE FRANCE AND PT PORTUGAL TO PURSUE THEIR LONG-TERM INDUSTRIAL PROJECTS.ALTICE FRANCE HAS ENTERED INTO EXCLUSIVITY AGREEMENT, AND PT PORTUGAL HAS REACHED AGREEMENT REGARDING SALE OF EQUITY STAKES IN TELECOMMUNICATION TOWER BUSINESSES.ALTICE FRANCE HAS ENTERED INTO AN EXCLUSIVITY AGREEMENT WITH KKR FOR SALE OF 49.99% OF EQUITY IN TO BE FORMED TOWER COMPANY.J.P. MORGAN AND LAZARD ACTED AS FINANCIAL ADVISORS TO ALTICE EUROPE. FRANKLIN, VIEIRA DE ALMEIDA, MAYER BROWN AND ROPES & GRAY ACTED AS LEGAL ADVISOR TO ALTICE EUROPE..FRANCE: ENVISAGED TRANSACTION VALUES SFR TOWERCO AT AN ENTERPRISE VALUE OF EUR 3.6 BILLION,.TRANSACTION IS EXPECTED TO CLOSE DURING Q3 2018 AND IS SUBJECT TO EFFECTIVE DE-MERGER AND CUSTOMARY CLOSING CONDITIONS..SFR TOWERCO IS EXPECTED TO GENERATE APPROXIMATELY €250 MILLION IN ADDITIONAL PROCEEDS TO SFR WITHIN THE NEXT 4 YEARS.  Full Article

Altice USA Says Units Issued $1.05 Bln Of 7.500% Senior Notes Due 2028 In A Private Placement
Friday, 6 Apr 2018 

April 6 (Reuters) - Altice USA Inc ::ALTICE USA SAYS UNITS ISSUED $1.05 BLN OF 7.500% SENIOR NOTES DUE 2028 IN A PRIVATE PLACEMENT - SEC FILING.NOTES WILL MATURE ON APRIL 1, 2028..PROCEEDS WITH CASH ON HAND TO BE USED TO REDEEM $1,050 MILLION OF UNITS' 6.375% SENIOR NOTES ISSUED PURSUANT TO INDENTURE DATED OCT 25, 2012.  Full Article

US loan refinancing activity sinks as demand dips

NEW YORK, Feb 15 (LPC) - A spike in borrowing costs has all but dried up the US market for refinancing leveraged loans, with the exceptions of companies including Getty Images with a pressing need to replace maturing debt or higher-rated corporations such as Altice that can more readily set favorable terms.