[June 27, 2017] |
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Altice N.V. and Altice USA Announce Closing 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. (NYSE:ATUS,
"Altice USA"), Altice's U.S. subsidiary, announce today the closing of
Altice USA's initial public offering of 71,724,139 shares of its Class A
common stock at a price to the public of $30.00 per share, including the
underwriters full exercise of their option to purchase 7,781,110 shares
to cover over-allotments. Altice owns approximately 70.2% of
Altice USA's issued and outstanding common stock, which represents
approximately 98.2% of the voting power of Altice USA's outstanding
common stock. Altice USA's Class A common stock began trading on June
22, 2017, on the New York Stock Exchange under the symbol "ATUS".
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 (News - Alert) 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 acted
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 (News - Alert)"). 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 from J.P. Morgan Securities LLC, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
toll-free: (866) 803-9204, email: [email protected];
Morgan Stanley & Co. LLC, Attention: Propectus 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 [email protected].
Additionally, 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. Altice USA may from time to time make
forward-looking statements in its annual reports, quarterly reports and
other filings with the SEC, news releases and other written and oral
communications. 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 expectations will be realized. 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.
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 (NYSE:ATUS), 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170627006083/en/
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