Altice USA Announces Successful Acquisition of Commitments to Refinance Its Revolving Credit Facility
NEW YORK--(BUSINESS WIRE)--Jan 25, 2019--Altice USA, Inc (NYSE: ATUS) (“Altice USA”, or “the Company”), today announces that its wholly owned subsidiary CSC Holdings, LLC successfully obtained commitments to refinance its existing revolving credit facility, subject to customary closing conditions. After the refinancing, the total size of the new revolving credit facility is $2.56 billion, including $2.17bn extended to January 2024 and priced at LIBOR + 225 bps (compared to L + 325 bps previously).
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About Altice USA
Altice USA (NYSE: ATUS) is one of the largest broadband communications and video services providers in the United States, delivering broadband, pay television, telephony services, proprietary content and advertising services to approximately 4.9 million Residential and Business customers across 21 states through its Optimum and Suddenlink brands.
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KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: ENTERTAINMENT TV AND RADIO TECHNOLOGY INTERNET TELECOMMUNICATIONS VOIP PROFESSIONAL SERVICES BANKING FINANCE COMMUNICATIONS ADVERTISING
SOURCE: Altice USA, Inc
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PUB: 01/25/2019 12:51 PM/DISC: 01/25/2019 12:51 PM