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General

Altice refinances part of debt

Monday 16 July 2018 | 12:17 CET | News
Altice announced that it has refinanced and extended the maturity of a portion of its debt. The company said that it had priced and allocated for its Altice France subsidiary a USD 2.5 billion credit pool of new term loans maturing in August 2026. The new financing, subject to closing conditions, will be used by Altice France to call a portion of its USD 4.0 billion senior secured notes due in 2022. Following the operation, the average debt maturity of Altice France will be extended from 6.4 to 6.8 years, and the weighted average cost of its debt will be 4.9 percent. 

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