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General

Altice refinances existing SFR debt

Monday 17 October 2016 | 11:13 CET | News
Altice has announced that it has successfully refinanced the existing credit pool debt of its French subsidiary SFR Group, pricing an equivalent of EUR 2.3 billion of term loans. The transaction will improve SFR's debt maturity profile from 7.3 to 7.6 years and reduce the weighted average cost of debt from 5.3 percent to 5.2 percent, said Altice. The latest refinancing brings the total amount of debt refinanced across the Altice Group in 2016 to the equivalent of just over EUR 20 billion, extending the weighted average life of the group's debt by 18 months while keeping the average cost of

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Categories: General
Companies: Altice Europe / SFR
Countries: France
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