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BRIEF-Altice announces refinancing of a portion of its debt
March 23, 2017 / 6:28 AM / 6 months ago

BRIEF-Altice announces refinancing of a portion of its debt

March 23 (Reuters) - Altice NV:

* Announces successful refinancing of a portion of the existing debt of its SFR Group SA and Altice International credit pools, pricing 2.492 billion euros ($2.69 billion) and 863 million euros of new term loans respectively

* Average maturity of debt refinanced extended by circa 2 years

* Total annual interest cost savings of 60 million euros

* Proceeds will be used by SFR to refinance its 850 million euros April 2023, 297 million euros July 2023 and $1,418 million January 2024 Term Loan B’s Source text for Eikon: Further company coverage: ($1 = 0.9266 euros) (Gdynia Newsroom)

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