Altice usa announces successful pricing of new term loan

New york--( business wire )--altice usa, inc. (nyse: atus) (“altice usa”), today announces that its wholly owned subsidiary csc holdings, llc (“csc”) successfully priced and allocated a new $2 billion 5-year senior secured term loan b (the “senior secured term loan b”) under its existing credit agreement originally dated as of october 9, 2015, as amended, restated, modified or supplemented from time to time. the senior secured term loan b will mature on the date that is the earlier of (i) january 15, 2028 and (ii) april 15, 2027 if, as of such date, any september 2019 term loans (as defined in the eleventh amendment) are still outstanding, unless the september 2019 term loan maturity date (as defined in the eleventh amendment) has been extended to a date falling after january 15, 2028. the proceeds from this new senior secured term loan b are expected to be used to refinance in part (including by way of cashless roll) the outstanding principal amount of csc's march 2017 term loans (as defined in the fourth amendment) and october 2018 incremental term loans (as defined in the sixth amendment).
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