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General

Altice raises USD 2.75 billion in debt for refinancing

Tuesday 19 April 2016 | 09:29 CET | News
Altice said it has successfully priced USD 2.75 billion of 10-year senior secured notes offered to institutional investors, upsizing from the original offering size of USD 2.25 billion following excess demand. All of the proceeds will be used to refinance existing secured debt. On this basis, the average maturity of the Altice International capital structure has been extended from 6.0 years to 7.7 years, and Altice International now has no material debt repayments until 2022. The weighted average cost of Altice International's debt will be unchanged at 6.0 percent. 

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Categories: General
Companies: Altice Europe / Portugal Telecom
Countries: World
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