Ropes & Gray has represented the subsidiaries of Optimum Communications, Inc. (formerly Altice USA) in connection with entering into a second amended and restated credit agreement, securing an incremental term loan commitment of $250 million.
The second incremental term loan has similar terms to the initial $2 billion term loan facility and the $1.1 billion incremental term loan facility, which the firm also advised on.
As one of the largest broadband communications providers in the United States, Optimum delivers high-speed internet, video, mobile, and voice services to approximately 4.4 million residential and business customers across 21 states.
The Ropes & Gray team was led by finance partner Michael Kazakevich and counsel Alexandru Mocanu, with support from partner Will Michener and associates Robert Farnham and Timothy Machat.
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