Report
Pierre François Merveille

Altice Europe : Altice achieves sizable interest savings by refinancing and repaying debt at Altice International

>Last week’s refinancing and upcoming debt repayments should generate € 187m of annual interest savings - Altice International issued last week € 2.8bn of new secured notes split into 1/ a € 600m tranche 2.25% 2025 and 2/ a € 2.2bn 8NC3 dual-currency tranche (€ 1.1bn of 3% notes in EUR and $ 1.2bn of 5% notes in USD). Altice also announced that € 2.1bn of proceeds from pending asset disposals in Portugal (49.99% of Altice Portugal FTTH and 25% of OMTEL) would be us...
Underlying
Altice Europe NV Class A

Altice Europe is a provider of cable, fiber, mobile, telecommunications, content and media in Western Europe (comprising France, Portugal, Belgium, Luxembourg1 and Switzerland), the United States of America (U.S.), Israel, the Dominican Republic and the French overseas territories (comprising Guadeloupe, Martinique, French Guiana, La Reunion and Mayotte). Through its various business operations, Co. provides fixed services, mobile telephony services (other than in the U.S.) and media and advertising services to B2C and B2B customers in all of the geographies in which it operates. In addition, Co. offers a variety of wholesale and other services.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Pierre François Merveille

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