Altice International storms strong market with €2.8bn, hits lowest ever coupon
Altice International jumped at this week’s strong market conditions, launching a €2.8bn-equivalent refinancing, hitting the lowest ever coupon level for the telecoms group and saving itself €187m in annual interest. The strong execution, with a size increase and performance in the aftermarket, shows a market wide open for other well-followed high yield names looking for a refinancing opportunity.
The Altice International group contains the businesses in Portugal, Israel and the Dominican Republic. The other big financing groups in Altice Europe are Altice France and Altice Luxembourg, the holding company.On Wednesday morning, Atlice International announced a €2.75bn-equivalent refi, looking at senior secured bonds across euros and ...
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