In The News

Ropes & Gray Advises Altice Europe on Two Cross Border and Cross Product refinancings of its Altice France Credit Pool
Refinancings showcase Ropes & Gray’s integrated bank/bond finance practice in London, offering clients a one-stop shop for complex cross-border financings

Practices: Finance, High Yield

Ropes & Gray has advised long standing client Altice Europe – a Dutch-headquartered telecoms, content, media, entertainment and advertising company - on the refinancing of Euro-equivalent 4.2 billion of debt within its Altice France credit pool, with a two-stage financing consisting of syndication of $2.5 billion of dollar-denominated Term Loans and a subsequent Euro-equivalent 2.4 billion offering of dollar and euro-denominated high yield bonds.  

Ropes & Gray’s team of London-based English and New York-qualified finance lawyers assisted Altice Europe in proactively managing its liabilities across its capital structure, significantly improving its maturity schedule with the Term Loans extending the maturity of the refinanced debt by 4.25 years and the high yield bonds extending the maturity of the refinanced debt by 4.72 years. 

The Ropes & Gray team was led by finance partner Michael Kazakevich, with finance counsel Alexandru Mocanu and associates Ana Biloglav and David Early assisting on the Term Loans and finance counsel Aditya Khanna and associates Luwam Mezue and Clara Melly assisting on the high yield bonds – all based in the firm’s London office.

Cookie Settings