Altice Said to Consider Refinancing $11 Billion High-Yield Bonds
- French media firm aims to tackle debt to reduce cash expense
- Buoyant market conditions pave way for jumbo refinancing
An Alice NV phone store in Lille, France.
Photographer: Dario Pignatelli/BloombergThis article is for subscribers only.
French telecom and media company Altice Europe NV is considering refinancing about 9 billion euros ($11 billion) of high-yield debt, according to a person familiar with the matter.
The company indicated to investors that it may refinance a portion of its euro and U.S dollar-denominated bonds with 2021 call dates, said the person, who asked not to be identified because the information isn’t public.