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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COMM
PRCD
ALTICE
Altice Financing SA-
2EMEA
Aug 3, 2021
currency
EUR
size (m)
700.000
maturity
Aug 15, 2029
type
Fixed
tenor
8.000
call
3.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Secured
moody's
B2
s&p
B
fitch
-
re-open/tap
No
ipt
mid 4s
ipt-pxd
-
guidance
4.375% area
spread
488
coupon
4.250%
spread set
-
price
100.00000
yield
4.250%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
currency
USD
size (m)
1,925.000
maturity
Aug 15, 2029
type
Fixed
tenor
8.000
call
3.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Secured
moody's
B2
s&p
B
fitch
-
re-open/tap
No
ipt
high 5s
ipt-pxd
-
guidance
5.75% area
spread
472
coupon
5.750%
spread set
-
price
100.00000
yield
5.750%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Redemption: 2024-08-15; Registration: 144A/Reg S; Redemption: 2024-08-15; Registration: 144A/Reg S;
Relative Value

08/03/2021 Altice Financing SA (ALTICE) $2.750m equivalent (US$/EUR) 144A/Reg S sr sec notes 2-part. Expect B2/B. Via BNP (B&D EUR)/GS (B&D US$)/Barc/CA/CS/DB/IMI/ING/JPM/MS/RBC/SG jt books. No reg rights. List ISE. NY law. Settles 08/12 (T+7).

- EUR700m (from minimum EUR600m) due 08/15/29 (8y). NC3 (MWC B+50bp), then at 102.125, 101.063, 100 Equity claw: 3y 40% at 104.25. Reg S ISIN: XS2373430425. IPT: mid 4s. Px talk: 4.375% area. Priced: 4.25% at 100. +488bp vs DBR 0% 08/15/29.

- US$1.925m (from minimum $1.9bn) due 08/15/29 (8y). NC3 (MWC T+50bp), then at 102.875, 101.438, 100. Equity claw: 3y 40% at 105.75. 144A CUSIP: 02154CAH6. IPT: high 5s. Px talk: 5.75% area. Priced: 5.75% at 100. +472bp vs 1.625% 08/15/29.

Did investor call at 3:30pm UKT/10:30am NYT 08/02. Books closed 3:30pm UKT/10:30am NYT 08/03 UOP: refinance the $2.471m 7.50% sr sec notes due 08/15/26 (callable at 103.75), GCP. a multinational broadband and mobile communications, content and media group operating in Portugal, Israel and the Dominican Republic. HQ: Luxembourg.

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