Altice $9.1 billion acquisition of 70% of Suddenlink

Overview:

• Altice acquired a 70% stake in Cequel Communications Holdings and Suddenlink from CPP Investment Board and Suddenlink management.
• Altice borrowed $6.7 billion from JP Morgan and BNP Paribas to finance its acquisition.
• The financing also involved a $320 million 7.75% notes issue due 2025 and a $600 million 8% notes issue due 2020.

Rani Mehta - Journalist