Latham Advises on Altice USA’s Landmark US$1 Billion Asset Backed Loan Facility Secured Primarily by Hybrid-Fiber Coaxial (HFC) Network Assets

Altice USA (NYSE: ATUS) has announced that it has entered into and funded an inaugural US$1 billion asset-backed term loan facility, through an unrestricted subsidiary, in partnership with Goldman Sachs and TPG Angelo Gordon.

Latham & Watkins LLP represented TPG Angelo Gordon in the transaction with a finance and liability management team led by partners John Sobolewski, Chris Bezeg, and Seniz Yakut, with associates Lucas Balchun, Jordan Gratch, Jenny Lyubomudrova, and Kerry Pemberton. Advice was also provided on structured finance matters by Jim Fogarty, with associate Eunice Chay; on tax matters by partner Christine Mainguy, with associate Lukas Kutilek; on restructuring matters by associate Joe Celentino; and on intellectual property matters by partners Jeff Tochner and Pelin Serpin.