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Cequel calls $450 million of 6 3/8% notes due 2020 for redemption
New York, March 16 – Cequel Communications, LLC’s subsidiaries Cequel Communications Holdings I, LLC and Cequel Capital Corp. will redeem $450 million of their $1.5 billion of 6 3/8% senior notes due 2020 on April 14.
The redemption price will be 103.188% of par plus accrued interest up to but excluding the redemption date, according to a notice.
Completion of the redemption is subject to the receipt of funds from a new $1,265,000,000 8.25-year senior secured term loan for Altice US Finance I Corp., known as Suddenlink.
Cequel is a subsidiary of Altice NV, a Luxembourg-based cable and telecom company.
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