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Altice Europe: 2.8 billion euro loan largely oversubscribed

(CercleFinance.com) - A recent loan launched by Altice Europe has been "well oversubscribed," the European telecom group said on Monday.


In a statement this morning, Altice Europe said that it has successfully priced and allocated 2.8 billion euros of new 8-year senior notes from its Altice Luxembourg unit.

The average cost of the new notes will be 7.9%, it said.

The proceeds will be used to partially repay existing notes expiring in 2022, Altice said.

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