June 21, 2017
Altice N.V. and Altice USA Announce
Pricing of Altice USA's Initial Public Offering
Altice N.V. (ATC, ATCB, "Altice"),
a global convergent leader in telecoms, content and advertising,
and Altice USA, Inc. ("Altice USA"), Altice's U.S. subsidiary,
announce today that Altice USA has priced its initial public
offering of 63,943,029 shares of its Class A common stock at a
price to the public of $30.00 per share. Of the shares of
Altice USA's Class A common stock included in the offering,
12,068,966 shares will be sold by Altice USA, 31,475,965 shares
will be sold by funds advised by BC Partners ("BC Partners") and
20,398,098 shares will be sold by entities affiliated with the
Canada Pension Plan Investment Board ("CPPIB"). BC Partners
and CPPIB have granted the underwriters a 30-day option to purchase
up to 7,781,110 additional shares of Class A common stock.
After completion of the offering, Altice will own 70.3% of
Altice USA's issued and outstanding common stock, which will
represent 98.3% of the voting power of Altice USA's outstanding
common stock.
Altice USA's Class A common stock
has been approved for listing on the New York Stock Exchange under
the symbol "ATUS" and is expected to begin trading on June 22,
2017, with closing subject to the satisfaction or waiver of
customary closing conditions.
Altice USA is one of the largest
broadband communications and video services providers in the U.S.,
serving approximately 4.9 million residential and business
customers across 21 states with Optimum and Suddenlink-branded
services. Altice acquired Suddenlink Communications in 2015
and Cablevision/Optimum in 2016, forming Altice USA.
J.P. Morgan, Morgan Stanley,
Citigroup and Goldman Sachs & Co. LLC are acting as joint
book-running managers for the offering and representatives of the
underwriters, together with BofA Merrill Lynch, Barclays, BNP
Paribas, Credit Agricole CIB, Deutsche Bank Securities and RBC
Capital Markets as additional joint book-running managers.
A registration statement on Form
S-1 relating to these securities has been filed with and declared
effective by the U.S. Securities and Exchange Commission (the
"SEC"). The offering is being made only by means of a
prospectus forming part of the effective registration statement.
Copies of the prospectus relating to the securities being offered
may be obtained, when available, from J.P. Morgan Securities LLC,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, toll-free: (866) 803-9204, email:
prospectus-eq_fi@jpmchase.com; Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New
York, NY 10014; Citigroup Global Markets Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
via telephone at 1-800-831-9146; or Goldman Sachs & Co. LLC,
Attention: Prospectus Department, 200 West Street, New York, NY
10282, or by telephone at (866) 471-2526, facsimile at (212) 902-
9316, or email at prospectus-ny@ny.email.gs.com.
Additionally, when available, copies of these
documents may be obtained for free by accessing the EDGAR database
on the SEC's website at www.sec.gov.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy any security, nor
shall there be any sale of these shares in any state in which such
offer, solicitation or sale would be unlawful, prior to
registration or qualification under the securities laws of any
state. This press release contains certain forward-looking
statements, including statements with regard to Altice USA's
initial public offering and the selling stockholders in the
offering. Words such as "expected" or "will" or similar
expressions are intended to identify forward-looking statements.
These forward-looking statements are subject to the inherent
uncertainties in predicting future results and conditions and no
assurance can be given that the initial public offering discussed
above will be completed on the terms described. Completion of
the initial public offering and the terms thereof are subject to
numerous factors, many of which are beyond Altice USA's control,
including, without limitation, market conditions, failure of
customary closing conditions and the risk factors and other matters
set forth in Altice USA's filings with the SEC. Altice USA
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by law.
Contacts
Chief Investor Relations Officer Altice
NV
Nick Brown: +41 79 720 15 03 / nick.brown@altice.net
Chief Communications Officer Altice NV
Arthur Dreyfuss: +41 79 946 49 31 / arthur.dreyfuss@altice.net
Head of Communications Altice USA
Lisa Anselmo: +1 516 803 2362 / lisa.anselmo@alticeusa.com
Regulated Information
This press release contains inside information
within the meaning of Article 7(1) of the EU Market Abuse
Regulation.
About Altice N.V.
Founded in 2001 by entrepreneur
Patrick Drahi, Altice is a convergent global leader in telecom,
content, media, entertainment and advertising. Altice
delivers innovative, customer-centric products and solutions that
connect and unlock the limitless potential of its over 50 million
customers over fiber networks and mobile broadband. The
company enables millions of people to live out their passions by
providing original content, highly-quality and compelling TV shows,
and international, national and local news channels. Altice
delivers live broadcast premium sports events and enables millions
of customers to enjoy the most well-known media and
entertainment. Altice innovates with technology in its Altice
labs across the world. Altice links leading brands to
audiences through premium advertising solutions. Altice is
also a global provider of enterprise digital solutions to millions
of business customers. Altice is present in 10 territories
from New York to Paris, from Tel Aviv to Lisbon, from Santo Domingo
to Geneva, from Amsterdam to Dallas. Altice (ATC & ATCB) is
listed on Euronext Amsterdam.
About Altice USA
Altice USA, the U.S. business of
Altice N.V. (Euronext: ATC, ATCB), is one of the largest broadband
communications and video services providers in the United States,
delivering broadband, pay television, telephony services, Wi-Fi
hotspot access, proprietary content and advertising services to
approximately 4.9 million residential and business customers across
21 states through its Optimum and Suddenlink brands.
Altice - Altice USA
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Altice NV via Globenewswire
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