Ropes & Gray has advised Altice France S.A. on the successful extension of 75%, or €5.9 billion (equivalent), of its 2025 and 2026 Term Loan maturities to August 2028. The firm has also advised Altice France on raising €150 million of new Term Loans, following excess demand, as well as – concurrently – extending its €1 billion Revolving Credit Facilities to January 2028, supported by its relationship banks.
The new Term Loans, due August 2028, consist of (i) a $4.3 billion Term Loan priced at 5.50% over SOFR and; (ii) a €1.7 billion Term Loan priced at 5.50% over EURIBOR.
The Ropes & Gray team was led by finance partner Michael Kazakevich and counsel Alexandru Mocanu, with associates Sonali Kapoor and Matea Scepanovic.
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