Pricing turmoil pushes Altice’s margins up

Volatility in the US leveraged loan market has caused Altice to increase the pricing on its $961m-equivalent loan package.

  • By Olivier Holmey
  • 27 Jun 2013

The deal’s $700m six year term loan ‘B’ has been priced at 450bp, up from an expected range of 375b-400bp. The OID decreased to 98, having originally been set at 99.5. The loan also has a 1% floor.

The €200m term loan 'B' was priced at 475bp, following the ...

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