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Allen & Overy advises initial purchasers on Altice Luxembourg’s successful EUR2.8 billion (equivalent) cross border high yield notes offering

 

15 May 2019

​Allen & Overy LLP has advised Goldman Sachs, BNP Paribas and other initial purchasers on the successful issuance of EUR2,800,000,000 (equivalent)of new 8-year senior notes by Altice LuxembourgS.A, a wholly owned subsidiary of  Altice Europe N.V., a multinational telecom company operating in France, Portugal, Israel and the Dominican Republic. The Notes were issued as USD1,600,000,000 of Dollar denominated 10.50% Senior Notes due 2027 and EUR1,400,000,000 of Euro denominated 8.00% Senior Notes due 2027, with the net proceeds used to refinance certain of its USD2,900,000,000 of Dollar denominated  7.75% Senior Notes due 2022 and EUR2,075,000,000 7.25% Euro denominated Senior Notes due 2022.

The Allen & Overy team working on the transaction was led by London-based high yield partner, Jake Keaveny, with support from senior associate Kristin Russell and associates Angela Ryu, John Epling and John Fluharty.

Jake Keaveny, who led the high yield transaction said, “This was an important cross border refinancing transaction for Altice, and we are happy that the execution went smoothly.”

 

 

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Key people

Jake Keaveny
Jake Keaveny
Partner
United Kingdom
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Kristin Russell
Kristin Russell
Senior Associate
United Kingdom
Telephone icon+44 20 3088 7386
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Angela Ryu
Angela Ryu
Associate
United Kingdom
Telephone icon+44 20 3088 1877
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John Epling
John Epling
Associate
United Kingdom
Telephone icon+44 20 3088 1306
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John Fluharty
John Fluharty
Associate
United Kingdom
Telephone icon+44 203 088 3807
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