Latest news with #Assets
Business Wire
17-07-2025
- 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.
United News of India
11-06-2025
- United News of India
ACB raids on former irrigation SE Noone Sridhar's premises in DA Case
Hyderabad, June 11 (UNI) In a major crackdown, the Anti-Corruption Bureau (ACB) officials conducted simultaneous raids at 12 locations across Telangana on Wednesday. The searches are part of an ongoing investigation into a Disproportionate Assets (DA) case registered against Noone Sridhar, a former Superintending Engineer (SE) in the Irrigation Department. ACB officials carried out intensive inspections at Sridhar's residence and other related premises. He has been detained and is currently being interrogated by ACB authorities. Sridhar had earlier served in key roles, including his tenure at the Kaleshwaram Lift Irrigation Project—one of the state's most prominent infrastructure undertakings. Officials confirmed that the searches are still in progress, and further details regarding the extent of assets and evidence recovered are awaited. UNI VV ARN
Business Wire
02-06-2025
- Business
- Business Wire
Platform Ventures Launches Multifamily Development Platform
KANSAS CITY, Mo.--(BUSINESS WIRE)--Platform Ventures ('Platform' or the 'Firm') today announced the launch of its multifamily development platform ('Platform Multifamily') focused on ground-up apartment development and construction. This new venture further expands the Firm's housing platform, leveraging its extensive experience in housing-related investments. Platform believes multifamily housing offers a blend of stability, income generation, and long-term growth potential, making the sector an attractive investment for investors seeking strong risk-adjusted returns. Platform has appointed Christopher N. Bennish as Managing Director to lead this new strategic initiative, focusing on ground-up multifamily development in markets where Platform already has residential investments across the Central, Southeast, and Southwest United States. 'We are excited to welcome Chris to the Platform Ventures team as we expand our residential footprint,' said Terry Anderson, Co-Founder & Co-President of Platform. 'Chris's deep experience, leadership, and market insight make him the ideal person to launch and grow our multifamily development platform.' Prior to joining Platform, Mr. Bennish served as development partner at Price Development Group, where he led all ground-up development initiatives, managing approximately 3,300 units totaling $750 million in capitalization across South Texas, Colorado, Nashville, and Kansas City. He previously held development roles at Alliance Residential in Denver and Houston, contributing to 1,700 units and $240 million in capitalization. Platform Multifamily represents a significant step in Platform's continued growth and commitment to delivering quality housing solutions across the United States. About Platform Ventures Platform is an independent, entrepreneurial private investment firm that invests into scalable investment strategies and other special situations through closed and open-end opportunistic private equity funds. The Firm's operator-oriented investment platform is vertically integrated across logistics, housing, and credit through subsidiaries that include Platform Investments, LLC, a wholly owned SEC registered investment advisor. The Firm invests selectively across the capital structure in direct acquisitions, joint ventures, recapitalizations, and reorganizations. Platform Investments, LLC, manages over $3.5 billion of assets 1 on behalf of institutional, family office, and high net worth investors. Visit for more information. 1) As of March 31, 2025. This includes assets managed by our affiliates who are not registered investment advisers, and this amount does not represent Regulatory Assets Under Management as defined by the SEC. SEC registration does not imply a certain level of skill or training.
Economic Times
27-04-2025
- Business
- Economic Times
Checking without damaging: IIT-Madras works on advanced tech for disruptive material testing
From sensors detecting leaks in pipelines, tanks, bridges and dams without tearing those down to robots for ending manual scavenging -- IIT-Madras has established itself as a global centre of excellence for developing disruptive material testing technology. "Non Destructive Evaluation" (NDE) is the broad name given to the field of testing and analysis used by industry to characterise components or structures for indicators of performance degradation, without causing damage to the original part. The "NDE 5.0 - Industrial Assets and Process Management CoE (CNDE)" at IIT-Madras is developing advanced inspection solutions using X-rays, infrared thermography, lasers, ultrasonics, microwave, terahertz and eddy currents, leveraging industry tools in robotics, drones, AI, Machine Learning, virtual reality, distributed ledgers, hyperspectral imaging and quantum computing. Krishnan Balasubramanian, Chair Professor, IIT-Madras, told PTI that the centre of excellence has a team of internationally acclaimed professors and researchers who have executed projects with a cumulative value over Rs 200 crore, attracted industry funding in excess of Rs 50 crore and CSR funding of Rs 10 crore for socially-relevant projects. "The research undertaken by this team has already led to 15 IIT Madras-incubated startups with a combined valuation in excess of Rs 2,000 crore. The vision is to carry out cutting-edge research on asset integrity platforms for society and industry validated and accepted as benchmarks that can be commercialised worldwide," he said. Balasubramanian also underlined that technologies from this CoE impact the efficiency of industry operations and increase the availability and safety of industrial and infrastructural assets. "The key objectives of this CoE include impacting industries by helping them reduce operating costs by 40 per cent, decrease failure risk, improve availability and uptime by 20 per cent and extend as well as maximise asset life safety," he added. The professor explained that India has a lot of national assets and physical infrastructure that need to be constantly monitored. "The country has the second-longest road network in the world (6 million km) and the Indian Railways is one of the largest rail networks in the world under one management. The ports handle 95 per cent of its international trade in and out of India. "The country is currently the fourth largest consumer of energy globally after the US, China and Russia and, hence, has over 40,000 km of cross-country pipelines and underground oil reserve storage facilities," he said. The CoE's target is to be among the top five research centres globally in this field by 2026, incubate at least 20 startups that could create 2,000 tech jobs and establish at least two industry consortia to ensure the research translates to industry impact in India and abroad. Tata Steel, Boeing, DRDO, ONGC, Gail, Shell and Indian Oil Corporation are among the major industry stakeholders that IIT-Madras has partnered with in multiple critical sectors. Prabhu Rajgopal, the deputy head of the Centre of Excellence (CoE) said the facility is working to develop deep research-based non-destructive technologies for improved performance, enhanced safety and increased life for industrial applications and relevant technologies for societal well-being. "We are leveraging industry tools to create disruptive solutions that enhance the quality of inspection data for end-users with effective decision plan strategies. Today, CNDE startups are globally recognized pioneers in the areas of marine and submerged asset integrity monitoring and pipeline inspections," he told PTI. "The extraordinary dual-use potential of our research is demonstrated by solutions such as the HomoSEP robot for eliminating manual scavenging or a start-up with AI automation for the underserved healthcare sector. These are technologies that we first developed and demonstrated in the industrial context," he added. For the ongoing projects, the centre is collaborating with researchers from top global institutions such as NTU Singapore; University of Nairobi, Dedan Kimathi University and Riara University Kenya; Kenia National Innovation Agency (KeNIA); University of Dar-es-Salam Tanzania; UNDP, Tanzania; Fraunhofer-Gesellschaft, Germany; Alternative Energies and Atomic Energy Commission, France. It has also joined forces with Airbus; University of Warwick, UK; University College London, UK; Ecole de technologie superieure, Canada; and Michigan State University, USA.
Irish Independent
23-04-2025
- Entertainment
- Irish Independent
Today's top TV and streaming picks: RTÉ Investigates, Battle Camp and Race Across The World
Nationwide RTÉ One, 7pm Bláthnaid Ní Chofaigh meets artisans and craftspeople who draw inspiration from the natural world. Among them is former construction worker Will Fogarty, who now travels the country, using a chainsaw to create eye-catching sculptures for individuals or local communities. How to Cook Well in Morocco RTÉ One, 8.30pm The next stop on Rory O'Connell's tour is Chefchaouen, which is famous for its eye-catching blue buildings. It also has an amazing market and a communal oven — which come together during an amazing event. Plus, Rory finds the time to make a spiced lentil soup. Race Across the World BBC One, 9pm Five more intrepid duos embark on the adventure of a lifetime. Their challenge is to travel from northeastern China to the southern tip of India on a tight budget. They begin at the Great Wall. RTÉ Investigates: Christian Brothers — The Assets, The Abusers RTÉ One, 9.35pm Disturbing insight into the religious group, paying particular attention to its wealth and assets, as well as its controversial treatment of abuse survivors. The Golden Voyage of Sinbad Film4, 11am Ray Harryhausen's stop-motion special effects steal the show from human stars John Phillip Law, Tom Baker and Caroline Munro in this fantasy adventure. It involves the brave sailor and his crew's efforts to find a magic fountain. ADVERTISEMENT Bullet Train Explosion Netflix, streaming now Featuring Tsuyoshi Kusanagi and hyperrealistic graphics, Shinji Higuchi's reimagining (like Speed but on a Tokyo train) delivers dramatic suspense in spades. A Tragedy Foretold: Flight 3054, which explores the aftermath of the 2007 Congonhas Airport tragedy, is also due for release today. Battle Camp Netflix, streaming now When you think about it, there are more reality TV stars headbanging about needing something to do now more than ever — mostly thanks to Netflix. Fret not, for the good people behind the platform have devised yet another show for them to partake in. In Battle Camp, Netflix's biggest stars from its reality and docu-series line-up face the ultimate test of physical and mental endurance. With all of them at the mercy of a giant spinning wheel that decides their fate, these famous(ish) faces must try to avoid it by mastering high-octane challenges, enduring punishing trials, and winning over their campmates, who each hold the power of the vote. The one who masters all three earns the title of ultimate Netflix reality champion and a $250,000 prize. Think I'm a Celebrity by way of Big Brother, with familiar faces from The Mole and Squid Game: The Challenge. Carlos Alcaraz: My Way Netflix, streaming now The 2024 season showcases Carlos Alcaraz, both on and off the court, as he transforms the world of sports. Race for the Crown Netflix, streaming now Watch the champers flow as this rollicking documentary series tails (apologies) jockeys, trainers, and owners as they chase titles and triumph in the Triple Crown of thoroughbred horse racing. Secrets of The Penguins Disney+, streaming now In three innovative episodes, cinematographer Bertie Gregory uses cutting-edge technology and scientific collaboration to depict the unique qualities of penguins: perseverance, inventiveness and camaraderie. Also available on Netflix is Pangolin: Kulu's Journey, from the Academy Award-winning director of My Octopus Teacher. iHostage Netflix, streaming now Inspired by the 2022 hostage crisis at Amsterdam's Apple Store and directed by Bobby Boermans, this dramatic reinactment is seen through the lens of the attacker, the hostages, and the first responders. Leverage: Redemption Prime Video, streaming now Once again, the Leverage Crew are back to support the underdog! This season, they tackle a power broker making money off stolen water, a despotic small-town mayor, and a pool hustler engaging in international extortion. The Not Very Grand Tour Prime Video, streaming now Reflecting on their time spent racing muscle cars in Detroit, Richard Hammond and James May (no Clarkson) pay tribute to the internal combustion engine — from the confines of a studio spliced with retrospective snippets. Also landing is animated offering #1 Happy Family USA. Oklahoma City Bombing: American Terror Netflix, streaming now The most deadly act of domestic terrorism in US history, the 1995 bombing of a federal facility in Oklahoma City (in which 168 people, including 19 children, were killed), is revisited in this stark documentary from the makers of Waco: American Apocalypse.
