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Altice Announces Issuances of New Notes to Finance Previously Announced Acquisitions

2013-12-02 18:24 2396

LONDON, Dec. 2, 2013 /PRNewswire/ -- Altice VII S.a r.l. (together with its subsidiaries, "Altice")today announced that (i) its subsidiary Altice Finco S.A. intends to launch an offering of $400 million in aggregate principal amount of senior notes (the "Senior Notes")and (ii) its subsidiary Altice Financing S.A. intends to launch an offering of $1,285 million equivalent in aggregate principal amount of  dollar and euro senior secured notes (the "Senior Secured Notes" and, together with the Senior Notes, the "Notes").  Proceeds of the Notes are expected to be used to finance (i) its previously announced acquisition of 88% of Tricom S.A. and Global Interlinks Ltd. (together, ''Tricom''), which Altice entered into an agreement to acquire on October 31, 2013, and (ii) its previously announced acquisition of a majority ownership in Orange Dominicana S.A. ("ODO"), which Altice entered into an agreement to acquire on November 26, 2013.

ODO provides mobile telephony and wireless broadband services to residential customers in the Dominican Republic and fixed and mobile voice and data services to business customers. Tricom provides pay television, broadband Internet and fixed-line telephony services as well as mobile telephony services in the Dominican Republic.

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Source: Altice
Keywords: Telecommunications
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