Altice cracks on with new covenant-lite debt issuance

Luxembourg’s telecommunications investment company Altice has opened a new €795m-equivalent covenant-lite loan package to support the company’s restructuring.

  • By Olivier Holmey
  • 20 Jun 2013

The debt will complement a €250m high yield bond from last Friday, bringing the new debt to a total of €1.045bn-equivalent.

The planned €795m term loan ‘B’ will be cross-border, with the bulk of it denominated in dollars. It will also feature a non-call one year/101 structure owing ...

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