Altice USA Secures $1 Billion Loan Agreement with Goldman Sachs and TPG Angelo Gordon for Corporate Financing

Reuters2025-07-18

Altice USA Secures $1 Billion Loan Agreement with Goldman Sachs and TPG Angelo Gordon for Corporate Financing

Altice USA Inc., through its indirect wholly owned subsidiary Cablevision Funding LLC, has entered into a significant financing agreement on July 16, 2025. The Receivables Facility Loan and Security Agreement involves several parties, including Goldman Sachs Bank USA and funds managed by TPG Angelo Gordon as initial lenders, and Citibank, N.A. as collateral agent and account bank. The agreement secures obligations with assets from Altice USA's Bronx and Brooklyn service areas. It includes an initial term loan commitment of $1 billion at an interest rate of 8.875%, maturing on January 16, 2031. The funds are earmarked for working capital, debt prepayment, and other corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Altice USA Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-068717), on July 17, 2025, and is solely responsible for the information contained therein.

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The Receivables Facility Loan and Security Agreement involves several parties, including Goldman Sachs Bank USA and funds managed by TPG Angelo Gordon as initial lenders, and <a href=\"https://laohu8.com/S/C\">Citibank</a>, N.A. as collateral agent and account bank. The agreement secures obligations with assets from Altice USA's Bronx and Brooklyn service areas. It includes an initial term loan commitment of $1 billion at an interest rate of 8.875%, maturing on January 16, 2031. The funds are earmarked for working capital, debt prepayment, and other corporate purposes.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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ID: 0001104659-25-068717), on July 17, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1868837136.USD","symbol_name":"CT (LUX) I AMERICAN \"8\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250717:nNDL2lhtKM:1","article_id":"2552346714","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2552346714","pubTimestamp":1752786553,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Altice USA Inc., through its indirect wholly owned subsidiary Cablevision Funding LLC, has entered into a significant financing agreement on July 16, 2025. 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The Receivables Facility Loan and Security Agreement involves several parties, including Goldman Sachs Bank USA and funds managed by TPG Angelo Gordon as initial lenders, and Citibank, N.A. as collateral agent and account bank. The agreement secures obligations with assets from Altice USA's Bronx and Brooklyn service areas. It includes an initial term loan commitment of $1 billion at an interest rate of 8.875%, maturing on January 16, 2031. The funds are earmarked for working capital, debt prepayment, and other corporate purposes.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Altice USA Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-068717), on July 17, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.13","shortVersion":"4.35.13","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2552346714","isCrawlerRequest":true}