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The law firm Luther Luxembourg has advised Altice S.A. in connection with the financing of the acquisition of SFR through Altice’s subsidiaries, Numericable Group S.A. and Altice France S.A.. This more than EUR15 billion leveraged finance deal is considered to be the largest in Europe since 2008. Altice funded the acquisition of SFR (which is still subject to approval of the anti-trust authorities in France) through a combination of U.S. and European high yield notes, covenant-light loans, revolving credit facilities and an equity issuance.
The total cash raised by Altice and Numericable in the debt markets in connection with the acquisition is nearly is in excess of EUR 15 billion. Luther, particularly, advised Altice S.A. and Numericable Group S.A. as to matters of...
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