Luxembourg-based telco Altice is looking to raise US$1.7bn by offering senior and senior secured notes.
It plans to use the proceeds to fund its recently agreed acquisitions of mobile carrier Orange Dominicana and triple-play operator Tricom, both in…
Luxembourg-based telco Altice is looking to raise US$1.7bn by offering senior and senior secured notes.
It plans to use the proceeds to fund its recently agreed acquisitions of mobile carrier Orange Dominicana and triple-play operator Tricom, both in the Dominican Republic.
In a statement Altice said it would offer US$400m in senior notes through subsidiary Altice Finco, and a further US$1.285bn in dollar- and euro-denominated senior secured notes through Altice Financing, another subsidiary.
A consortium of five banks led by Goldman Sachs is arranging the financing, a person with direct knowledge of the situation told TelecomFinance last week.
Altice acquired Orange Dominicana last week from Orange for US$1.4bn (€1.1bn). It acquired Tricom from two investment firms at the end of October for an undisclosed fee. The acquisitions follow Altice’s modus operandi of looking to complete in-market consolidation.
