Altice USA Reports New Material Agreement & Financial Obligation

TL;DR

**Altice USA just took on a new major financial obligation, watch for details on its impact.**

AI Summary

Altice USA, Inc. filed an 8-K on January 25, 2024, to report an "Entry into a Material Definitive Agreement" and the "Creation of a Direct Financial Obligation." This filing indicates that Altice USA has entered into a significant new financial commitment, which could impact its balance sheet and future financial flexibility. For investors, this matters because new financial obligations can affect a company's debt levels, interest expenses, and ultimately, its profitability and stock valuation.

Why It Matters

This filing signals a new significant financial commitment for Altice USA, which could influence its debt profile and future earnings, directly impacting shareholder value.

Risk Assessment

Risk Level: medium — The filing indicates a new financial obligation without specific details, creating uncertainty about its size and terms, which could pose a medium risk to the company's financial health.

Analyst Insight

A smart investor would monitor Altice USA's subsequent filings and announcements for specific details regarding the nature and terms of this new material agreement and financial obligation to assess its potential impact on the company's financial health and future prospects.

Key Players & Entities

• Altice USA, Inc. (company) — the registrant filing the 8-K
• January 25, 2024 (date) — date of earliest event reported and filing date
• 001-38126 (string) — Commission File Number for Altice USA, Inc.
• 38-3980194 (string) — IRS Employer Identification Number for Altice USA, Inc.

Forward-Looking Statements

• Altice USA will provide more details about the 'Material Definitive Agreement' and 'Direct Financial Obligation' in a subsequent filing or earnings call. (Altice USA, Inc.) — high confidence, target: Q1 2024 earnings call

FAQ

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 — subsidiary of Altice USA, Inc., issued $2,050.0 million aggregate principal amount of its 11.75
• $750.0 million — Issue Date, the Issuer expects to draw $750.0 million under its revolving credit facility, th

Filing Documents

• atus-20240125.htm (8-K) — 42KB
• cscholdingsllcseniorguaran.htm (EX-4.2) — 1342KB
• atus-20240125_g1.jpg (GRAPHIC) — 16KB
• 0001628280-24-002254.txt ( ) — 1766KB
• atus-20240125.xsd (EX-101.SCH) — 2KB
• atus-20240125_lab.xml (EX-101.LAB) — 24KB
• atus-20240125_pre.xml (EX-101.PRE) — 12KB
• atus-20240125_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Issuance of Senior Guaranteed Notes On January 25, 2024 (the "Issue Date"), CSC Holdings, LLC (the "Issuer"), an indirect, wholly-owned subsidiary of Altice USA, Inc., issued $2,050.0 million aggregate principal amount of its 11.750% senior guaranteed notes due 2029 (the " Notes ") in a private placement conducted pursuant to Rule 144A and Regulations S under the Securities Act of 1933, as amended (the " Offering "). The Notes are unsecured obligations of the Issuer and are guaranteed on a senior unsecured basis by the Guarantors (as defined in the Indenture (as defined below)). The Notes were issued pursuant to an indenture, dated as of January 25, 2024 (the " Indenture "), between, inter alios, the Issuer, the Guarantors set forth therein and Deutsche Bank Trust Company Americas, as Trustee. 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.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 4.2 Indenture, dated as of January 25, 2024 among, CSC Holdings, LLC as Issuer, the Guarantors set forth therein and Deutsche Bank Trust Company Americas, as Trustee, Paying Agent, Transfer Agent and Registrar. EXHIBIT INDEX Exhibit No. Description 4.2 Indenture, dated as of January 25, 2024 among, CSC Holdings, LLC as Issuer, the Guarantors set forth therein and Deutsche Bank Trust Company Americas, as Trustee, Paying Agent, Transfer Agent and Registrar.

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 25, 2024 By: /s/ Michael E. Olsen Michael E. Olsen General Counsel and Chief Corporate Responsibility Officer

View Full Filing

View this 8-K filing on SEC EDGAR