Altice begins to move to expand mature loans, add value – reminder

LONDON, Jan 19 (Reuters) – The French telecommunications company Altice on Thursday announced a plan to extend its existing loans between 2025 and 2026 to August 2028, according to a document seen by Reuters.

The move is a sign that major companies are trying to take advantage of improved market sentiment and investors’ willingness to refinance debt before maturity. in admissions.

Altice France’s loans include a total of $6.070 billion and 2.145 billion ($2.32 billion).

In return for the extension of maturity, the telecommunications, communications and entertainment company will increase the amount currently paid on loans to 5.5% on Euribor / Sonia, it said.

An investor call is scheduled for Thursday at 1630 GMT.

European investors can submit their commitments to new loans on January 25 and US investors on January 25.

BNP Paribas and Goldman Sachs are leading the European loan effort, while JP Morgan is leading the US deal, it said.

Other banks involved in the transaction include Barclays, CA-CIB, Natixis, Societe Generale, Morgan Stanley, Bank of America, Citi, Deutsche Bank, ING and RBC.

($1 = 0.9246 euros)

Report by Chiara Elisei; Edited by Dhara Ranasinghe

Our Terms: The Thomson Reuters Trust Principles.


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