The Luxembourg-based private equity fund Altice Group that recently purchased 88% stake in Tricom telecom company and announced the purchase of Orange Dominicana has announced that it has implemented bond-heavy financing worth US$1.685 billion to back the acquisitions. According to TMT Finance, Altice’s subsidiaries Altice Finco SA and Altice Financing will respectively issue USD400 million and USD1.285 billion in senior and senior secured dollar and euro bond notes.
Last month Paris-based Orange Group agreed to sell its Orange Dominicana unit to Altice for EUR1.1 billion (USD1.435 billion).