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General

Numericable-SFR borrows EUR 1.68 bln for special dividend

Friday 23 October 2015 | 14:08 CET | News
French operator Numericable-SFR has secured EUR 1.68 billion of term loans to help finance a previously announced EUR 2.5 billion special dividend. The operation consisted of a USD 1.34 million term loan and another of EUR 500 million. The loans have a January 2023 maturity and a margin of 4 percent over Libor/Euribor with a 0.75 percent Libor/Euribor floor. The operator will also use cash on hand and a drawing under its revolving credit facility to pay the dividend. Numericable-SFR parent company Altice will use its share of the Numericable dividend to repay the vendor note related to the

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