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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Altice Europe N.V.    ATC   NL0011333752

ALTICE EUROPE N.V.

(ATC)
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Altice Europe N : announces the successful pricing and allocation of €0.9 billion (equivalent) of new 8.25-year Senior Secured Notes at Altice France

09/15/2020 | 06:15pm EST

September 15, 2020

Altice Europe announces the successful pricing and allocation of €0.9 billion (equivalent) of new 8.25-year Senior Secured Notes at Altice France

Altice Europe N.V. (Euronext ATC, ATCB) ("Altice Europe") announces that it has successfully priced and allocated €900 million (equivalent) of new 8.25-year Senior Secured Notes at Altice France S.A. ("Altice France") following significant excess demand. The weighted average cost on a fully euro swapped basis is 4.125%. This consists of €500 million of 8.25-year Senior Secured Notes with a coupon of 4.125% and $475 million of 8.25-year Senior Secured Notes with a coupon of 5.125%.

The proceeds from this transaction will be used to repay the current outstanding amount under the Altice France revolving credit facility of €150 million, and the remaining proceeds of €750 million will be used to partly repay the Altice Corporate Financing facility. The remainder of this facility will be repaid with cash on balance sheet at Altice International .

Total annual interest savings pro forma for this transaction are €33 million through a reduction of the average cost of debt. This refinancing transaction further strengthens Altice Europe's maturity profile. Following this transaction, the average maturity for the Altice Europe debt capital structure is 6.2 years, with no major maturities for Altice Europe before 2025.

Contacts

Head of Investor Relations Altice Europe

Sam Wood: +41 79 538 66 82 / sam.wood@altice.net

Head of Communications Altice Europe

Arthur Dreyfuss: +41 79 946 4931 / arthur.dreyfuss@altice.net

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About Altice Europe

Altice Europe (ATC & ATCB), listed on Euronext Amsterdam, is a convergent leader in telecoms, content, media, entertainment and advertising. Altice Europe delivers innovative, customer-centric products and solutions that connect and unlock the limitless potential of its over 30 million customers over fibre networks and mobile broadband. Altice Europe is also a provider of enterprise digital solutions to millions of business customers. The company innovates with technology, research and development and enables people to live out their passions by providing original content, high-quality and compelling TV shows, and international, national and local news channels. Altice Europe delivers live broadcast premium sports events and enables its customers to enjoy the most well -known media and entertainment.

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This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Altice Europe NV published this content on 15 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2020 22:14:10 UTC


© Publicnow 2020
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Financials
Sales 2020 14 975 M 18 103 M 18 103 M
Net income 2020 -223 M -270 M -270 M
Net Debt 2020 30 526 M 36 902 M 36 902 M
P/E ratio 2020 -16,3x
Yield 2020 -
Capitalization 6 492 M 7 854 M 7 849 M
EV / Sales 2020 2,47x
EV / Sales 2021 2,36x
Nbr of Employees 45 409
Free-Float 46,0%
Chart ALTICE EUROPE N.V.
Duration : Period :
Altice Europe N.V. Technical Analysis Chart | ATC | NL0011333752 | MarketScreener
Technical analysis trends ALTICE EUROPE N.V.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Average target price 4,99 €
Last Close Price 5,34 €
Spread / Highest target 82,6%
Spread / Average Target -6,62%
Spread / Lowest Target -25,1%
EPS Revisions
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NameTitle
Alain Phillippe Romain Weill Chief Executive Officer & Executive Director
Patrick Drahi President & Executive Director
Jurgen van Breukelen Chairman
Armando Pereira Chief Operating Officer
Malo Pascal Jean-Pierre Corbin Chief Financial Officer
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