Altice USA: Updated thoughts on ABS refinancing options
We recently published a report on Altice’s path to lower leverage. We followed up with a conference call that took a holistic view of the Altice complex including Altice International and Altice France. In this follow-up report, we take a more detailed look at the prospect of an ABS deal, following conversations with credit investors and agencies. We conclude that an ABS won’t be easy, but it will bring important benefits if it happens.Altice USA is a holding company. Through its subsidiaries, the company provides broadband communications and video services and markets its services primarily under two brands: Optimum, in the New York metropolitan area, and Suddenlink, principally in markets in the south-central United States. The company delivers broadband, video, and telephony services to the residential and business customers. The company also provides fiber connectivity, bandwidth and managed services to enterprise customers through its Lightpath business (also marketed as Altice Business) and the company provides advertising time and services to advertisers. The company has launched Altice Mobile, a mobile offering, to consumers across its footprint.
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