Latest news with #AlticeUSA
Globe and Mail
5 days ago
- Business
- Globe and Mail
ALTICE USA INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Altice USA, Inc.
The law firm of Kahn Swick & Foti, LLC ('KSF') has commenced an investigation into Altice USA, Inc. (NYSE: ATUS) ('Altice'). KSF is investigating whether Altice's officers and/or directors breached their fiduciary duties or otherwise violated state or federal laws. If you hold shares of Altice (NYSE: ATUS), we urge you to contact KSF to discuss your legal rights, without obligation or cost to you, by calling KSF toll-free at 1-833-938-0905, or by e-mailing KSF Managing Partner, Lewis Kahn, ( or visit to learn more. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg. TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services To learn more about KSF, you may visit
Business Wire
6 days ago
- Business
- Business Wire
Altice USA Announces Landmark $1.0 Billion Asset Backed Loan Facility Secured Primarily by Hybrid-Fiber Coaxial (HFC) Network Assets
NEW YORK--(BUSINESS WIRE)--Altice USA (NYSE: ATUS) today announces that it has entered into and funded an inaugural $1.0 billion asset-backed term loan facility ('Asset Backed Loan Facility'), through an unrestricted subsidiary, in partnership with Goldman Sachs and TPG Angelo Gordon. The Asset Backed Loan Facility is secured by certain receivables generated by the Company's Bronx and Brooklyn service area and network assets, primarily the Hybrid-Fiber Coaxial (HFC) network (collectively, the 'Securitization Assets'). 'This first-of-its-kind transaction marks a milestone in infrastructure-backed financing by securitizing parts of the Company's HFC network,' said Dennis Mathew, Altice USA Chairman and Chief Executive Officer. 'We are excited to partner with Goldman Sachs and TPG Angelo Gordon on this inaugural transaction and look forward to continuing to execute on our strategy to drive long-term growth and enhance value for our investors, customers, communities, and employees.' Altice USA, through its Optimum brand, is a leading incumbent operator in Bronx and Brooklyn where its operations span approximately 1.55 million locations passed and approximately 695 thousand subscribers. Across its entire footprint, Optimum passes nearly 10 million locations and serves more than 4 million subscribers. The Asset Backed Loan Facility matures in January 2031, has a fixed coupon of 8.875%, with original issue discount, amortization and other features customary of asset-backed financings. The Company may incur additional indebtedness, secured by the Securitization Assets, provided certain conditions are satisfied. Further details are included in Altice USA's associated 8-K filing, available on the Altice USA Investor Relations website and the SEC's website at Ropes & Gray acted as legal counsel to Altice USA and the Borrower. King & Spalding and Milbank acted as legal counsel to Goldman Sachs Bank USA. Latham & Watkins acted as legal counsel to TPG Angelo Gordon. FORWARD-LOOKING STATEMENTS Certain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this release, such as those regarding our intentions, beliefs or current expectations concerning, among other things: our future financial conditions and performance, our strategy to drive long-term growth, our business plans, market conditions, our ability to incur additional indebtedness, and potential strategic opportunities. These forward-looking statements can be identified by the use of forward-looking terminology, including without limitation the terms 'may', or other variations or comparable terminology. There can be no assurance that any forward-looking statement will result or be achieved or accomplished. To the extent that statements in this release are not recitations of historical fact, such statements constitute forward-looking statements, which, by definition, involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements including risks referred to in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and subsequent Quarterly Reports on Form 10-Q. You are cautioned to not place undue reliance on Altice USA's forward-looking statements. Any forward-looking statement speaks only as of the date on which it was made. Altice USA specifically disclaims any obligation to publicly update or revise any forward-looking statement, as of any future date. About Altice USA Altice USA (NYSE: ATUS) is one of the largest broadband communications and video services providers in the United States, delivering broadband, video, mobile, proprietary content and advertising services to approximately 4.5 million residential and business customers across 21 states through its Optimum brand. We operate Optimum Media, an advanced advertising and data business, which provides audience-based, multiscreen advertising solutions to local, regional and national businesses and advertising clients. We also operate News 12, which is focused on delivering best-in-class hyperlocal news content.
Yahoo
09-07-2025
- Business
- Yahoo
Why Altice (ATUS) Stock Is Up Today
Shares of telecommunications and cable services provider Altice USA (NYSE:ATUS) jumped 4.3% in the morning session after its Lightpath unit announced plans to sell as much as $2.8 billion of asset-backed securities. The securities would be backed by fiber networks, including infrastructure like conduit and fiber optic cables, as well as customer agreements, according to a filing with the New York Public Service Commission. This move is seen as a way for the parent company, Altice USA, to manage its significant debt load, which includes $7.2 billion due in 2027 and another $5.4 billion the following year. The company has been exploring ways to restructure its roughly $25.3 billion debt pile. This asset-backed sale could provide a much-needed infusion of capital to address these upcoming maturities and improve the company's financial flexibility. Is now the time to buy Altice? Access our full analysis report here, it's free. Altice's shares are extremely volatile and have had 43 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. Altice is up 14.8% since the beginning of the year, but at $2.72 per share, it is still trading 12.5% below its 52-week high of $3.11 from January 2025. Investors who bought $1,000 worth of Altice's shares 5 years ago would now be looking at an investment worth $117.14. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
08-07-2025
- Business
- Bloomberg
Altice USA Subsidiary Lightpath Seeks to Sell Fiber Network ABS
Cablevision Lightpath LLC, a fiber optic communications services provider that is majority controlled by Altice USA Inc., is looking to sell as much as $2.8 billion of asset-backed securities. The securities would be backed by fiber networks, including conduit and fiber optic cables as well as customer agreements, according to a filing before the New York Public Service Commission dated July 3. The company has $7.2 billion of debt coming due in 2027, and $5.4 billion a year later.
Business Wire
25-06-2025
- Business
- Business Wire
Altice USA to Hold Conference Call to Discuss Q2 2025 Results
NEW YORK--(BUSINESS WIRE)--Altice USA (NYSE: ATUS) will host a conference call on Thursday, August 7, 2025, at 8:30 a.m. ET to discuss financial and operating results for the second quarter ended June 30, 2025. The conference call will be led by Dennis Mathew, Chairman and CEO, and Marc Sirota, CFO. Presentation materials, including Altice USA's earnings release, earnings results presentation and trended schedule, will be available at 7:00 a.m. ET, prior to the conference call, on the Altice USA Investor Relations website. Participant Dial-In Telephone Numbers: 877-404-9653 / +1 201-689-8856 A live webcast will be available online on the Altice USA Investor Relations website or by following this link. About Altice USA Altice USA (NYSE: ATUS) is one of the largest broadband communications and video services providers in the United States, delivering broadband, video, mobile, proprietary content and advertising services to approximately 4.5 million residential and business customers across 21 states through its Optimum brand. We operate Optimum Media, an advanced advertising and data business, which provides audience-based, multiscreen advertising solutions to local, regional and national businesses and advertising clients. We also operate News 12, which is focused on delivering best-in-class hyperlocal news content.
