Altice Intl. - comment

Altice International are holding a conference call at 3 pm (UK time) today to discuss the Amend and Extend of its existing Term Loans. The existing loans mature in 2025 & 2026 paying 275bps over relevant spread. The proposed deal is to extend to October 2027 paying 500bps over. The offer price is likely to be 98%. Commitments are due by Friday.

This A&E was mentioned by the Company on their Q3 call and further evidence Altice International are proactive of their maturity profile. The majority of the bonds mature in 2028 & 2029, with €600m maturing in Jan 2025.