secwatch / observer
8-K filed January 25, 2024, 6:59 PM ET ticker OPTU CIK 0001702780
debt confidence high sentiment neutral materiality 0.70

Optimum Communications, Inc. (OPTU): debt financing — Altice USA subsidiary issues $2.05B of 11.75% senior notes due 2029 to refinance maturing debt

Optimum Communications, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Optimum Communications, Inc. incurred senior notes of $2,050.0 million with Deutsche Bank Trust Company Americas at 11.750% maturing January 31, 2029.

Instrument
senior notes
Principal
$2,050.0 million
Counterparty
Deutsche Bank Trust Company Americas
Rate
11.750%
Maturity
January 31, 2029
Event
incurrence
Exact text from the filing
On January 25, 2024 (the “Issue Date”), CSC Holdings, LLC (the “Issuer”), an indirect, wholly-owned subsidiary of Altice USA, Inc., issued $2,050.0 million aggregate principal amount of its 11.750% senior guaranteed notes due 2029
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Optimum Communications, Inc. entered into Indenture with Deutsche Bank Trust Company Americas, as Trustee valued at $2,050.0 million aggregate principal amount of its 11.750% senior guaranteed notes due 2029 (effective 2024-01-25).

Action
entry
Agreement
notes offering
Counterparty
Deutsche Bank Trust Company Americas, as Trustee
Value
$2,050.0 million aggregate principal amount of its 11.750% senior guaranteed notes due 2029
Effective
2024-01-25
Exact text from the filing
On January 25, 2024 (the “Issue Date”), CSC Holdings, LLC (the “Issuer”), an indirect, wholly-owned subsidiary of Altice USA, Inc., issued $2,050.0 million aggregate principal amount of its 11.750% senior guaranteed notes due 2029 (the “ Notes ”) in a private placement conducted pursuant to Rule 144A and Regulations S under the Securities Act of 1933, as amended (the “ Offering ”).
View on SEC.gov

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Optimum Communications, Inc. filing history →

Source: SEC EDGAR
accession 0001628280-24-002254
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