Altice tightens euro guidance as $1.69bn deal nears close
Lead managers of the $1.685bn high yield bond issue for Altice, the telecoms investment group, have released price guidance for the three tranche deal, which finance two acquisitions in the Dominican Republic.
They have also confirmed that Altice's corporate, secured and unsecured ratings will be unchanged after the transaction.
The $1.285bn-equivalent senior secured portion, which will be sold in dollars and euros, is rated B1/BB- by Moody's and Standard & Poor's. It has an eight year non-call three maturity.On Wednesday ...