June 21, 2017 — NEW YORK–(BUSINESS WIRE)–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.
