Altice starts roadshow for €2.8 billion equivalent two-part dollar, euro eight-year notes

By Paul A. Harris

Portland, Ore., April 30 – Altice Luxembourg SA started a roadshow on Tuesday in New York for a €2.8 billion equivalent offering of eight-year senior notes (existing ratings Caa1/B-).

The Rule 144A and Regulation S offering is coming in dollar- and euro-denominated tranches with tranche sizes to be determined.

The roadshow continues on Wednesday in London with further timing to be determined.

Goldman Sachs International is the left bookrunner. BNP Paribas, Citigroup, Credit Agricole CIB, Credit Suisse, Deutsche Bank, Morgan Stanley and SG CIB are the joint bookrunners.

The notes come with three years of call protection.

The New York City-based telecommunications and mass media company plans to use the proceeds to partially refinance $2.9 billion and €2.075 billion of its 2022 notes.

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