Ropes & Gray Advises Altice USA on $1 Billion Bond Offering

Ropes & Gray has advised Altice USA - one of the largest broadband communications and video services providers in the United States – on the issuance of $1.0 billion Senior Guaranteed Notes due 2028 by its subsidiary CSC Holdings. 

This transaction follows the $2 billion refinancing of CSC Holdings’ term loans in December 2022 as Altice USA continues to successfully extend the maturities on its debt. This is the latest in the series of mandates for the London finance team of Ropes & Gray from its blue chip roster of issuer clients, following on the heels of the issuance of a sustainability-linked bond by a subsidiary of Liberty Latin America, advice to Liberty Global in connection with €1 billion of financing arrangements for its voluntary public takeover offer for Telenet, Belgium’s largest provider of cable broadband services, and a €725 million sustainability-linked loan facilities for Atlas Edge.

The team continues to leverage its depth of knowledge of US and European debt markets, across both bank and bond products to offer clients maximum flexibility in their choice of debt instrument and geography to create optimum, “one-stop-shop” solutions for all of their financing needs. 

The Ropes & Gray team was led by finance partner Michael Kazakevich alongside finance associates Mohammed Al Rasheed, Clara Melly and Priyambada Das. All are based in the firm's London office.