Israel-focused Altice begins marketing €250 million 10-year notes

By Paul A. Harris

Portland, Ore., June 12 - Altice Group, a telecom which operates in Israel, began marketing a €250 million offering of 10-year senior notes on Wednesday, according to a market source.

Goldman Sachs and Morgan Stanley are the active bookrunners for the Rule 144A and Regulation S offering. Credit Agricole CIB, Credit Suisse and Deutsche Bank are the passive bookrunners.

Proceeds will be used to refinance debt and fund acquisitions.

Luxembourg-based Altice operates Hot Mobile, a wireless telecommunications company in Israel, and Israeli cable television company Hot.

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