Altice prices $1.7bn at tight end, with dollars and euros level
Lead managers of the $1.7bn high yield bond issue for Altice, the telecoms investment group, priced the three tranche deal on Thursday afternoon New York time, to finance two acquisitions in the Dominican Republic.
The deal was increased slightly, by about $23m, and all the tranches were priced at the tight end of guidance.
Altice is raising the money to finance its acquisitions of Tricom and Orange Dominicana, both in the Dominican Republic. Its corporate ratings are B1/B+.
The bonds are guaranteed by Altice
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