Commentary & Deal Flow

+++Corrects issuer name: Altice Financing SA (not Altice Finance SA)+++

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.

    - EUR benchmark size due 2029 (8y). NC3 (50%,25%,par). IPT: mid 4s.

    - US$ benchmark size due 2029 (8y). NC3 (50%,25%,par). IPT: high 5s.

Investor call at 3:30pm UKT/10:30am NYT today. Pricing tomorrow. UOP: refinance the $2.471m 7.50% sr sec notes due 08/15/26 (callable at 103.75), GCP. Biz: a leading cable, telecom and entertainment company.