Registration: 144A/Reg S; Comments: 01/08/20 Altice Financing SA approx EUR2.75bn equivalent (EUR/USD) 144A/Reg S sr sec notes 3-part. B2/B. Via CS (left on EUR)/JPM (left on USD) physical books/Barc/BNP/Citi/CA/DB/GS/ING/MS/Nomura/RBC/SocGen joint books. No reg rights. NY law. Listing Luxembourg. Settles Jan 22. - EUR600m (up from EUR500m) due Jan 15, 2025 (5y). NC2 (MWC B+50bp), then at 101.125, 100.563, 100. Equity claw: 2y 40% at 102.25. Reg S CUSIP: 210248935. IPT 2.25%-2.50%. Price talk 2.25%-2.50% (issue price par). Launched: EUR600m at 2.25% (issue price par). Priced: 2.25% at 100. +276bp vs DBR 0.5% 15-Feb-2025. ; Registration: 144A/Reg S; Comments: 01/08/20 Altice Financing SA approx EUR2.75bn equivalent (EUR/USD) 144A/Reg S sr sec notes 3-part. B2/B. Via CS (left on EUR)/JPM (left on USD) physical books/Barc/BNP/Citi/CA/DB/GS/ING/MS/Nomura/RBC/SocGen joint books. No reg rights. NY law. Listing Luxembourg. Settles Jan 22. - EUR1.1bn due Jan15, 2028 (8y). NC3 (MWC B+50bp), then at 101.50, 100.75, 100. Equity claw: 3y 40% at 103.00. Reg S CUSIP: 210249320. IPT 3.00%-3.25%. Price talk 3.00%-3.25% (issue price par). Launched: EUR1.1bn at 3.00% (issue price par). Priced: 3.00% at 100. +336bp vs DBR 05% 15-Feb-2028.; Registration: 144A/Reg S; Comments: 01/08/20 Altice Financing SA approx EUR2.75bn equivalent (EUR/USD) 144A/Reg S sr sec notes 3-part. B2/B. Via CS (left on EUR)/JPM (left on USD) physical books/Barc/BNP/Citi/CA/DB/GS/ING/MS/Nomura/RBC/SocGen joint books. No reg rights. NY law. Listing Luxembourg. Settles Jan 22. - USD1.2bn due Jan 15, 2028 (8y). NC3 (MWC T+50bp), then at 102.50, 101.25, 100. Equity claw: 3y 40% at 105.00. 144A CUSIP: 02154CAF0. IPT 5.50. Price talk 5.00%-5.25%. Priced: 5.00% at 100. +319bp vs 2.75% 15-Feb-2028.;

01/08/20 Altice Financing SA approx EUR2.75bn equivalent (EUR/USD) 144A/Reg S sr sec notes 3-part. B2/B. Via CS (left on EUR)/JPM (left on USD) physical books/Barc/BNP/Citi/CA/DB/GS/ING/MS/Nomura/RBC/SocGen joint books. No reg rights. NY law. Listing Luxembourg. Settles Jan 22. - EUR600m (up from EUR500m) due Jan 15, 2025 (5y). NC2 (MWC B+50bp), then at 101.125, 100.563, 100. Equity claw: 2y 40% at 102.25. Reg S CUSIP: 210248935. IPT 2.25%-2.50%. Price talk 2.25%-2.50% (issue price par). Launched: EUR600m at 2.25% (issue price par). Priced: 2.25% at 100. +276bp vs DBR 0.5% 15-Feb-2025. - EUR1.1bn due Jan15, 2028 (8y). NC3 (MWC B+50bp), then at 101.50, 100.75, 100. Equity claw: 3y 40% at 103.00. Reg S CUSIP: 210249320. IPT 3.00%-3.25%. Price talk 3.00%-3.25% (issue price par). Launched: EUR1.1bn at 3.00% (issue price par). Priced: 3.00% at 100. +336bp vs DBR 05% 15-Feb-2028. - USD1.2bn due Jan 15, 2028 (8y). NC3 (MWC T+50bp), then at 102.50, 101.25, 100. Equity claw: 3y 40% at 105.00. 144A CUSIP: 02154CAF0. IPT 5.50. Price talk 5.00%-5.25%. Priced: 5.00% at 100. +319bp vs 2.75% 15-Feb-2028. Originally 8y total size was EUR2.25bn equivalent split between EUR and USD tranches. Did investor calls today (Europe 11am UKT, US 10:30am NYT). EUR books closed at 5:45pm UKT today, US$ books closed at 1:30pm today. UOP: refinance its USD2.06bn 6.625% 1st lien notes due 02/15/23 (callable 02/15/20 at 101.656), EUR500 5.25% 1st lien notes due 02/15/23 (callable 02/15/20 at 101.313), and USD400m 2nd lien notes due 01/15/24 (callable at 102.708). Biz: a multinational broadband and mobile communications content and media group operating Portugal, Israel in the Dominican Republic. HQ: Luxembourg.