Altice USA Files Routine 8-K for 'Other Event'
Ticker: OPTU · Form: 8-K · Filed: Jan 19, 2024 · CIK: 1702780
| Field | Detail |
|---|---|
| Company | Altice USA, Inc. (OPTU) |
| Form Type | 8-K |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $2,050.0 million, $750.0 million |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: other-events, regulatory-filing
TL;DR
**Altice USA filed a standard 8-K, no big news here.**
AI Summary
Altice USA, Inc. filed an 8-K on January 18, 2024, under Item 8.01, indicating an 'Other Event.' This filing is a routine disclosure and does not contain specific financial details, personnel changes, or significant operational updates. For investors, this means there's no immediate new information that would drastically alter their perception of the stock's value or future prospects, suggesting business as usual.
Why It Matters
This filing is a standard procedural update, indicating no major undisclosed events that would immediately impact Altice USA's stock price or operational outlook.
Risk Assessment
Risk Level: low — The filing is a routine 'Other Event' 8-K with no specific details that suggest new risks or opportunities.
Analyst Insight
A smart investor would note this as a routine filing and look for more substantive disclosures or financial reports for actionable insights, as this 8-K provides no new material information.
Key Players & Entities
- Altice USA, Inc. (company) — the registrant filing the 8-K
- New York Stock Exchange (company) — where Altice USA's Class A Common Stock is registered
- ATUS (company) — trading symbol for Altice USA
FAQ
What is the purpose of this specific 8-K filing by Altice USA, Inc.?
This 8-K filing by Altice USA, Inc. is categorized under Item 8.01, which is for 'Other Events.' It serves as a general disclosure for events that do not fit into other specific 8-K categories but are still deemed important for shareholders to know.
When was the earliest event reported in this 8-K filing?
The Date of Report (Date of earliest event reported) for this filing is January 18, 2024.
What is Altice USA, Inc.'s trading symbol and on which exchange is it registered?
Altice USA, Inc.'s trading symbol is ATUS, and its Class A Common Stock, with a par value of $0.01 per share, is registered on the New York Stock Exchange.
What is the state of incorporation for Altice USA, Inc.?
Altice USA, Inc. is incorporated in Delaware.
Does this 8-K filing indicate that Altice USA, Inc. is an emerging growth company?
No, the filing explicitly indicates with an unchecked box that Altice USA, Inc. is not an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 630 words · 3 min read · ~2 pages · Grade level 10.7 · Accepted 2024-01-18 19:38:14
Key Financial Figures
- $0.01 — stered Class A Common Stock, par value $0.01 per share ATUS New York Stock Exchange
- $2,050.0 million — priced an offering (the "Offering") of $2,050.0 million in aggregate principal amount of senior
- $750.0 million — f the Notes, the Issuer expects to draw $750.0 million under its revolving credit facility, th
Filing Documents
- atus-20240118.htm (8-K) — 28KB
- atus-20240118_g1.jpg (GRAPHIC) — 16KB
- 0001628280-24-001726.txt ( ) — 195KB
- atus-20240118.xsd (EX-101.SCH) — 2KB
- atus-20240118_lab.xml (EX-101.LAB) — 24KB
- atus-20240118_pre.xml (EX-101.PRE) — 12KB
- atus-20240118_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events On January 18, 2024, CSC Holdings LLC, a Delaware limited liability company (the "Issuer"), an indirect wholly-owned subsidiary of Altice USA, Inc., successfully priced an offering (the "Offering") of $2,050.0 million in aggregate principal amount of senior guaranteed notes due 2029 (the "Notes"). The Notes will bear interest at a rate of 11.750% and will pay interest semi-annually in arrears on January 31 and July 31 of each year, beginning on July 31, 2024. The Notes will mature on January 31, 2029. The Issuer and each of its subsidiaries that will guarantee the Notes entered into a purchase agreement on January 18, 2024, with the representative of the initial purchasers named therein, related to the issuance and sale of the Notes. The proceeds of the Offering will be used, together with cash on the balance sheet, to (i) refinance in full the Issuer's outstanding term loans maturing in 2025, (ii) refinance in full the Issuer's outstanding term loans maturing in 2026 and (iii) pay the fees, costs and expenses associated with these transactions. Following the issue date of the Notes, the Issuer expects to draw $750.0 million under its revolving credit facility, the proceeds of which, together with cash on the balance sheet, will be used to refinance in full the Issuer's $750.0 million aggregate principal amount of 5.250% Senior Notes due 2024 and 5.250% Series B Senior Notes due 2024. The Offering for the Notes is expected to close on or about January 25, 2024, subject to customary closing conditions. The Notes are being sold in a private placement only to qualified institutional buyers pursuant to Rule 144A and to non-U.S. persons pursuant to Regulation S under the U.S. Securities Act of 1933, as amended, subject to prevailing market and other conditions.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ALTICE USA, INC. Dated: January 18, 2024 By: /s/ Michael E. Olsen Michael E. Olsen General Counsel and Chief Corporate Responsibility Officer