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Altice frees to trade; Chart Industries, BRP, Vistage disclose price talk with launch
By Sara Rosenberg
New York, Dec. 5 – Altice International finalized the size on its amended and extended U.S. term loan B while opting to leave some of its existing U.S. term loan B borrowings as non-extended tranches, and its extended loan made its way into the secondary market on Monday.
Altice firmed the size on its amended and extended U.S. term loan B due October 2027 at $1.6 billion, a market source remarked. No size was given on the extended U.S. term loan at launch, but it was said that it would replace an existing $910 million term loan B due 2025 and an existing $900 million term loan B due 2026, both priced at Libor plus 275 bps.
Following completion of the extension, the company will keep in place $182 million outstanding under the 2025 term loan B and $129 million outstanding under the 2026 term loan B.
In more happenings, Chart Industries Inc., BRP Inc. (Bombardier Recreational Products Inc.) and Vistage Worldwide released price talk on their term loan transactions in connection with their lender calls, and Apex Group Ltd. and Altice USA joined this week’s primary calendar.
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