Altice USA subsidiary prices $2.05B senior notes at 11.75% to refinance near-term debt

Optimum Communications, Inc.

CSC Holdings priced $2.05B aggregate principal of senior guaranteed notes due 2029 at 11.75% interest.
Proceeds will refinance in full term loans maturing in 2025 and 2026.
Expects to draw $750M under revolving credit facility to repay 5.25% Senior Notes due 2024.
Closing expected on or about January 25, 2024, subject to customary conditions.

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