CSC Holdings (Altice) to sell $2.7 billion two-part notes on Monday

By Paul A. Harris

Portland, Ore., Aug. 3 – CSC Holdings LLC (Altice) is in the market with $2.7 billion of high-yield notes in two tranches, market sources say.

The drive-by deal includes a $1.7 billion add-on to the 4 5/8% notes due Dec. 1, 2030 (B3/B) with initial price talk of 103 and $1 billion of new 10.5-year notes with 5.5 years of call protection and with initial talk in the high 3% area.

J.P. Morgan Securities LLC is the lead.

The issuer is a New York-based telecommunications company.

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