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Broadband

Altice raises USD 8.6 bln for Cablevision, confirms targets

Thursday 1 October 2015 | 10:04 CET | News
Altice said it has successfully priced USD 8.6 billion of new debt in connection with its acquisition of Cablevision Systems. The new debt was split into a USD 3.8 billion 7-year senior secured Term Loan B, a USD 1.0 billion 10-year worth of senior guaranteed notes and USD 3.8 billion worth of 7-year and 10-year senior unsecured notes. Altice confirmed its guidance for achieving medium term EBITDA margin targets of 45 percent at Numericable-SFR and 50 percent at Altice International. It also remains confident in its previously announced medium term operating expenditures related cost savings

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Categories: Fixed
Companies: Altice Europe / Cablevision / Numericable / Portugal Telecom / SFR / Suddenlink
Countries: Europe / United States / World
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