secwatch.observer — SEC 8-K summary
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Issuer:     Optimum Communications, Inc. (OPTU)
CIK:        0001702780
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001628280-24-002254
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altice USA subsidiary issues $2.05B of 11.75% senior notes due 2029 to refinance maturing debt
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- CSC Holdings issued $2.05B of 11.750% senior guaranteed notes due Jan 31, 2029 in private placement.
- Proceeds used with cash to refinance fully outstanding term loans maturing in 2025 and 2026.
- Issuer expects to draw $750M under revolver to refinance $750M of 5.250% Senior Notes due 2024.
- Notes redeemable at 111.75% before Jan 2026 with equity proceeds; call prices step down after Jan 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702780/000162828024002254/0001628280-24-002254-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702780/000162828024002254/atus-20240125.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-002254

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