Altice usa announces landmark $1.0 billion asset backed loan facility secured primarily by hybrid-fiber coaxial (hfc) network assets

New york--(business wire)--altice usa (nyse: atus) today announces that it has entered into and funded an inaugural $1.0 billion asset-backed term loan facility (“asset backed loan facility”), through an unrestricted subsidiary, in partnership with goldman sachs and tpg angelo gordon. the asset backed loan facility is secured by certain receivables generated by the company's bronx and brooklyn service area and network assets, primarily the hybrid-fiber coaxial (hfc) network (collectively, the “.
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