Altice starts roadshow for €4.15 billion equivalent eight-year notes

By Paul A. Harris

Portland, Ore., April 14 - Altice SA started a roadshow on Monday in London for a €4.15 billion equivalent offering of eight-year senior notes, which are being sold in dollar- and euro-denominated tranches, according to a market source.

The roadshow continues in London on Tuesday, moves to the United States on Wednesday and to Paris and Frankfurt on April 22.

Goldman Sachs is the left joint global coordinator. Deutsche Bank and JPMorgan are also joint global coordinators.

The syndicate of underwriters also includes Barclays, BNP Paribas, Credit Agricole CIB, Credit Suisse, Morgan Stanley, ING and Natixis.

The Rule 144A and Regulation S notes come with three years of call protection.

The Luxembourg-based cable and telecommunications company plans to use the proceeds to help fund the acquisition of Numericable and to repay debt.

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