Altice NV : Altice announces today that Altice USA has launched an initial public offering
June 12 2017 - 10:37AM
June 12, 2017
Altice announces today that Altice USA has launched an initial
public offering
Altice N.V. (ATC, ATCB, "Altice"),
a global convergent leader in telecoms, content and
advertising, announces today that Altice USA, Inc. ("Altice USA")
has launched an initial public offering of 46,551,725 shares of its
Class A common stock pursuant to a registration statement on Form
S-1 filed with the U.S. Securities and Exchange Commission (the
"SEC"). The initial public offering price is currently
expected to be between $27.00 and $31.00 per share. Of the
shares of Altice USA common stock included in the offering,
12,068,966 shares will be offered by Altice USA, 20,923,330 shares
will be offered by funds advised by BC Partners ("BC Partners") and
13,559,429 shares will be offered by entities affiliated with the
Canada Pension Plan Investment Board ("CPPIB"). BC Partners
and CPPIB expect to grant the underwriters a 30-day option to
purchase up to 5,172,414 additional Class A common shares.
Altice USA has applied to
list its Class A common stock on the New York Stock Exchange under
the symbol "ATUS."
J.P. Morgan, Morgan Stanley,
Citigroup and Goldman Sachs & Co. LLC are acting as joint
book-running managers for the proposed 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 bookrunning managers.
A registration statement relating
to these securities has been filed with the SEC but has not yet
become effective. The securities may not be sold nor may offers to
buy be accepted prior to the time the registration statement
becomes effective. The offering will be made only by means of a
prospectus. Copies of the preliminary 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
visiting EDGAR 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 proposed initial public
offering and selling stockholders in the offering. Words such as
"expects" 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 proposed
initial public offering discussed above will occur or be completed
on the terms described or that any stockholders will want to sell
shares in the offering. Completion of the proposed 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.
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
Regulated Information
This press release contains inside information
within the meaning of Article 7(1) of the EU Market Abuse
Regulation.
Altice USA IPO
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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