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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Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%